The EU needs a strong US economy, not reform

European economic reform is far more advanced than its many critics are willing to admit and talk of an imminent economic decline in Europe is overstated. Instead, Europeans should be more worried about the impact of continuing US financial imbalances rather than the internal state of the European economy. These are some of the main conclusions of ‘The EU needs a strong US economy, not reform’, a new report published March 2006 by Chatham House.
Chatham House was formally known until 2004 as the Royal Institute of International Affairs. Chatham House is one of the world's leading organisations for the analysis of international issues.

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