A New Deal for Transatlantic Economic Cooperation

Few policy issues in Brussels and Washington DC are met with such a compact unity across political boundaries as the idea of deepened transatlantic economic integration. Twenty years after the fall of the Berlin Wall, the support for transatlantic economic co-operation remains strong. There is only one fly in the ointment: post cold-war initiatives to deepen transatlantic economic integration, and they have been many, have failed to achieve anything substantial. In a new study, Fredrik Erixon and Gernot Pehnelt set out a new approach to deepened transatlantic economic integration. They outline alternatives for a Free Trade Agreement and argue that such a move would bolster liberalisation also in many other countries.