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Taxpayers must pay the freight for over-budget train projects
Topic - Transatlantic Economic Council
The Transatlantic Economic Council, or commonly called TEC, is a body set up between the United States and European Union to direct economic co-operation between the two economies. - Source: Wikipedia
The recent roller coaster in the markets reflects more a concern about the health of European banks than the U.S. downgrade by Standard & Poors. It also underscores a fundamental weakness in U.S.-European Union relations — the lack of a platform for discussing economic and financial difficulties across the Atlantic in a way that parallels NATO.
Hidden in all of the discouraging public discussion of Europe's financial difficulties is a little green shoot of economic hope that could provide the basis for a turnaround in productivity growth, not only in Europe, but in the U.S. as well.