The European Union wants to have a bigger economy than America and their welfare state, too.11:00 PM, Jan 26, 2004 • By IRWIN M. STELZER
THIS IS THE SEASON of high-level international meetings and, therefore, the season of many discontents. Europe's concerns about the fall of the dollar and America's fiscal profligacy were aired at the World Economic Forum in Davos last week, as were America's concerns about the inability of Europe's governments to stimulate domestic demand. The Europeans are watching their export industries suffer as the euro soars, and the value of the dollars their companies' U.S. subsidiaries earn drop like a stone, as the Euro appreciates to some 50 percent above its previous low.
Why the dollar continues to do well in currency markets and where it's headed next.11:00 PM, Dec 8, 2003 • By IRWIN M. STELZER
WE WERE TAUGHT in graduate economics classes that if a country runs large and persistent trade deficits, the value of its currency will decline relative to the value of the currencies of its trading partners. Oh yes, other things being equal, of course. Then we entered the real world and found that other things are never equal.
A new poll exposes the true extent of the transatlantic problem, though one German may have just the solution.12:00 AM, Oct 20, 2003 • By VICTORINO MATUS
NEITHER SNOW NOR RAIN nor heat nor gloom of a hurricane can keep me away from a press breakfast at the Ritz-Carlton. And so it was, on the morning of the day Hurricane Isabel was poised to strike our nation's capital, that I found myself alone in an oak-paneled room waiting to meet Wolfgang Schäuble, the deputy chairman of Germany's Christian Democratic Union/Christian Social Union parliamentary group (he isn't nearly as boring as his title sounds).
In the 1980s, Schäuble served as chief of staff for Helmut Kohl.
Europeans on why they like working less.12:00 AM, Sep 29, 2003 • By
THE DAILY STANDARD welcomes letters to the editor. Letters will be edited for length and clarity and must include the writer's name, city, and state.
Irwin M. Stelzer's European Holiday is long overdue. I am tired of reading snide comments in the New York Times about the "quality of life" in Europe.
Europeans wonder why Americans have it so good. The answer: We work hard for it while they take vacations.12:00 AM, Sep 16, 2003 • By IRWIN M. STELZER
ENVY IS A TERRIBLE THING. Not so much because it makes those whom it afflicts unhappy, or as myth has it, turn green, but because it dulls their analytical skills. At meeting after meeting, in university seminars and in think tanks around the world, envy of America distorts discussions of what accounts for the wealth of nations.
Europeans know that America's standard of living exceeds their own by a very substantial margin.
From the September 22, 2003 issue: A new superstate probably isn't in Europeans' interest. It certainly isn't in America's.Sep 22, 2003, Vol. 9, No. 02 • By GERARD BAKER
AMERICA WASN'T THE ONLY COUNTRY attempting a bit of nation-building this turbulent summer. While U.S. troops and U.N.
As the WTO begins an important series of meetings in Cancun, the European Union has its eye on blocking free trade.12:00 AM, Sep 9, 2003 • By IRWIN M. STELZER
AMERICA HAS China in its sights. Fortunately, it's a trade war and not a shooting war that is about to erupt. The Chinese rebuffed Treasury Secretary John Snow's efforts to get them to increase the value of their currency relative to the dollar.
The trade negotiations at Doha will help shape the global economy. Which is one reason the Bush administration is after separate, bilateral free trade agreements.12:00 AM, Jul 15, 2003 • By IRWIN M. STELZER
ECONOMISTS AGREE that a progressive freeing of trade contributed importantly to world economic growth since World War II. With the current world economy best described as fragile, many policymakers are pinning their hopes for renewed growth on a successful conclusion of the so-called Doha round of multinational trade negotiations now underway at the World Trade Organization.
A pocket guide to understanding U.S.-European relations in the new world order.12:00 AM, Jun 25, 2003 • By LEE BOCKHORN
NOW THAT THE WAR in Iraq is over (the first part, anyway), Americans are trying to repair relations with our erstwhile European allies. While some of my Weekly Standard colleagues are doing the really tough work--attending lavish, well-lubricated conferences on Italy's Lake Como to discuss transatlantic ties with our European counterparts--the rest of us must forgo the rigors of Alpine lakeside resorts and satisfy ourselves with . . .
A meeting between Americans and Europeans brings an end to the rift. Sort of.12:00 AM, Jun 18, 2003 • By VICTORINO MATUS
IN CASE YOU MISSED IT, last week was "Transatlantic Week," in which several conferences devoted to U.S.-European relations occurred simultaneously. The Washington Post's David Ignatius covered one in Berlin where the presence of Richard Perle, aka The Prince of Darkness, probably led some to believe a full-scale war might break out.
The administration sues the European Union over genetically-modified foods.12:00 AM, May 28, 2003 • By KATHERINE MANGU-WARD
AFRICANS ARE STARVING, American farmers are going out of business, and the administration says Europe's to blame.
In a suit brought to the WTO earlier this month, the Bush administration alleges that the E.U.'s five-year moratorium on the approval of new genetically-modified (GM) foods violates the rules of the WTO. In addition, the plaintiff adds, the "unfounded, and unscientific fears" of Europeans have kept developing countries in Africa from investing in enhanced crops.
The United States is joined in the suit by Canada, Argentina, and Egypt.
Jacques Chirac hobnobs with his new allies.Apr 28, 2003, Vol. 8, No. 32 • By CHRISTOPHER CALDWELL
LAST WEEK, the semi-governmental French foundation IDDRI summoned 40 people to Paris to discuss "sustainable development," international relations, and the Third World.
European governments are worried because their workers aren't as efficient as Americans.7:00 AM, Apr 15, 2003 • By IRWIN M. STELZER
THEY KNOW THE WORDS, but they don't quite have the tune.
The Europeans are worried about the productivity gap. Their studies show that America leaves them in the dust when it comes to producing goods and services efficiently. Since the only way a nation can increase the welfare of its citizens is to have each worker produce more, this productivity gap is worrisome. After all, what good European wants to contemplate a future in which the gap between U.S. and E.U.