Recent global events and developments have sharpened the focus on the transatlantic relationship and required the European Union and the USA to redefine the basis on which it can and should be sustained. Discusses how far the building of a more formalized transatlantic economic space (TES) is able to provide this now that the pretext for maintaining the intimate security relationship appears less tenable. Asks, ultimately, whether the TES is simply a means to fill the vacuum left by the old security relationship or whether it could prove integral to a grander design to develop a more extensive and robust alliance between the USA and a new Europe.
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