On Thursday, April 16, 2009 at the Union League of Philadelphia, members of the international business community came together to hear the EU Ambassador to the United States, H.E. John Bruton, discuss how the European Union and the United States must lead the movement to restore global economic stability.
Among the topics of discussion were the differences in how the two world powers are handling the economic crisis and the benefits that could emerge if the euro became the dominant currency in the global arena. Although Bruton sees this as unlikely with Europe’s aging population, this would cause global investors to stop buying as much U.S. debt, forcing the U.S. to become more fiscally disciplined.
The U.S. and the EU have collaborated for over 60 years on key issues ranging from promoting democracy and human rights to fighting terrorism and weapons proliferation. Although this powerful partnership has been challenged at times, both countries must work together to handle this global economic crisis.
“EU-US Relations in the Current Economic Climate” was presented by the British American Business Council, the German American Chamber of Commerce, the French-American Chamber of Commerce, the IrishAmerican Business Chamber & Network, the Swedish-American Chamber of Commerce and the World Affairs Council.
