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2013 | OriginalPaper | Buchkapitel
Why the transatlantic economy still matters
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The post-crisis world of today remains challenging for the United States and Europe. Both parties are struggling to heal and recovery from the fi nancial crisis of 2008 that has left deep scars on both sides of the Atlantic. Europe’s sovereign debt crisis has crippled and divided the continent, and threatens to condemn Europe to a “lost decade” of low or stagnant growth. The outlook in the United States is not as dire although the aftershocks from the “Made in America” fi nancial crisis have steered the U.S. economy into a slowgrowth rut. The current U.S. economic recovery is one of the weakest on record.