G-20 Shows US-Europe Divide

The European drive -- led by Germany, naturally -- to tighten spending to get their fiscal house in order and the Obama administration's insistence on Keynesian stimulus will make for tense negotiations at the G20 Summit.

Stuart Eizenstadt and Caio Koch-Weser correctly argue that it’s time for “a renaissance of joint economic and political leadership by the U.S. and the EU and its members” at tomorrow’s G20 Summit.  As I argue in my New Atlanticist post “Transatlantic Clash at G-20,” we won’t, however, be getting it.

The main clash is over the European drive — led by Germany, naturally — to tighten spending to get their fiscal house in order and the Obama administration’s insistence on Keynesian stimulus.

FILED UNDER: Economics and Business, Europe, Quick Takes
James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.