ASSESSMENTS

Europe's Fragmentation Endangers a Trans-Atlantic Pact

Oct 23, 2014 | 09:30 GMT

Protesters take part in a demonstration against the Trans-Atlantic Trade and Investment Partnership in Madrid on Oct. 11.
Protesters take part in a demonstration against the Trans-Atlantic Trade and Investment Partnership in Madrid on Oct. 11.

(CURTO DE LA TORRE/AFP/Getty Images)

Summary

The Trans-Atlantic Trade and Investment Partnership (TTIP), a trade agreement between the European Union and the United States, appears to be faltering after 18 months of negotiations. If a deal is not reached, or if it is watered down so much that it has little effect, then internal divisions within Europe will have yet again prevented the Continent from following the course that would aid it the most. The ongoing slide into stagnation will continue to fuel the fire of Euroskeptical parties offering an alternative to the European Union.

Internal divisions could lead to the collapse of a trade deal that could help lift the European Union out of its economic stagnation....

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