By Michael Mosettig, Former Foreign Editor, PBS News Hour
It was a tough sell to a worried and skeptical audience, but British Defense Secretary Philip Hammond insisted that his country's military, going through a severe round of budget cuts, will remain "advanced enough to operate alongside the United States anywhere in the world."
By Justine Revenaz, Editorial Assistant at “European Affairs”
While no one expects an EU-U.S. Free Trade Agreement (FTA) to be completed in this U.S. election year, prospects for a pact in the medium term future have brightened with the publication of a favorable interim report from a joint U.S.-EU working group. The report and background surrounding it is the subject of a recent article in European Affairs.
Burgeoning Foreign Direct Investment (FDI) by China into the developed world is the focus of a recent report issued by The Bertelsmann Foundation, and aptly titled “Cash in Hand: Chinese Foreign Direct Investment in the U.S. and Germany.”
The report’s scrupulously documented numerology on the increase of Chinese investment abroad is coupled with the eye-popping suggestion that Germany may ultimately overtake the U.S. as the leading destination for Chinese cash.
© COPYRIGHT THE EUROPEAN INSTITUTE 2009
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