Europe and America cannot seem to agree on anything these days. Differences over Iraq dominate the headlines, while wounds from previous fights over the International Criminal Court and Kyoto Protocol persist. However, America and Europe are not only political and military allies but also major economic and trading partners. There are important economic lessons to be learned from both sides of the Atlantic: Europe's corporate taxes are lower while America's capitalism is more dynamic. Post-enlargement New Europe will offer exceptional business opportunities. Greater economic collaboration might even lead to the establishment of a Transatlantic Free Trade Zone. Our vibrant trade in insults should be superseded by an equally vibrant exchange of economic ideas.
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