ABSTRACT

Strengthening the Transatlantic Economy: Moving Beyond the Crisis, Hearing Before the Subcommittee on European Affairs of the Committee on Foreign Relations, United States Senate, One Hundred Eleventh Congress, First Session, December 9, 2009   [open pdf - 156KB]

From the opening statement of Jeanne Shaheen: "So the Senate Foreign Relations Subcommittee on European Affairs meets today to examine the economic, trade, and investment ties between the United States and Europe and to assess opportunities for further integration, expansion, and deepening of this critical partnership. [...] Today, we are nearly 2 years into the worst economic downturn certainly of my generation. Though we have begun to see some positive signs, unemployment remains much too high, and growth is still too stagnant. We need to find additional ways to encourage investment and create jobs here at home. As the global economy begins to rebalance and the American consumer can no longer represent the sole engine of growth, U.S. businesses will need to look overseas for markets and investment. [...] At a time of ongoing economic uncertainty and significant unemployment, it is critical that the United States seek ways to expand and strengthen its economic relationship with Europe. These ties will be critical to further prosperity, profit, job growth, and jobs on both sides of the Atlantic." Statements, letters, and materials submitted for the record include those of the following: Frances G. Burwell, Robert Hormats, Charles Howland, Michael C. Maibach, and Jeanne Shaheen.

Report Number:
S. Hrg. 111-377; Senate Hearing 111-377
Publisher:
Date:
2010
Copyright:
Public Domain
Retrieved From:
Government Printing Office, Congressional Hearings: http://www.gpoaccess.gov/chearings/index.html
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations