A Trans-Atlantic transition

After all, it is an inescapable reality that almost all of today's great challenges lie outside the traditional NATO relationship, and many are in areas where US and European views have long diverged.

A meeting of minds on every global issue is too much to ask of both the US and Europe, but on many issues strategic convergence seems both possible and necessary. These include management of the global financial and trading system, addressing energy security and climate change, and re-fashioning existing international institutions to address these problems.