The Transatlantic Index

How should we assess the state of transatlantic relations nowadays? With a nod to Wall Street, we can say that the Alliance is up, Europe is flat, and the United States is clearly down.

The Alliance is “up” for one key reason: the warming of France’s relations with the US following Nicolas Sarkozy’s election as French president. For the first time since Charles de Gaulle established the Fifth Republic, France’s priority is no longer to live in opposition to the US.