G-20 Shows US-Europe Divide

The European drive — led by Germany, naturally — to tighten spending to get their fiscal house in order and the Obama administration’s insistence on Keynesian stimulus will make for tense negotiations at the G20 Summit.

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Stuart Eizenstadt and Caio Koch-Weser correctly argue that it’s time for “a renaissance of joint economic and political leadership by the U.S. and the EU and its members” at tomorrow’s G20 Summit.  As I argue in my New Atlanticist post “Transatlantic Clash at G-20,” we won’t, however, be getting it.

The main clash is over the European drive — led by Germany, naturally — to tighten spending to get their fiscal house in order and the Obama administration’s insistence on Keynesian stimulus.