Publisher's Synopsis
Europe's monetary union is shifting the terms of the transatlantic relationship. At the very least, it is reducing Europe's dependence on the dollar. Will the euro therefore herald a more balanced partnership between the United States and the European Union?;Steven Everts examines how the euro is likely to affect exchange-rate policy, financial diplomacy, trade relations, foreign policy and defence policy. He argues that the euro will enable the EU to define a more coherent and effective international role - but only if the Europeans first reform many of their policies, attitudes and institutions.
