According to the most recent National Threat Assessment, the global financial crisis and its geopolitical implications pose the primary near-term security concern of the United States. Over the short run, both the EU and the United States are attempting to resolve the financial crisis while stimulating domestic demand to stem the economic downturn. These efforts have born little progress so far as the economic recession and the financial crisis have become reinforcing events, causing EU governments to forge policy responses to both crises. This report discusses this situation in detail and also discusses individual efforts by both the U.S. and EU to combat the effects of the crisis.
The European Parliament (EP) is one of the three key institutions of the European Union (EU), and the only EU institution whose members are directly elected. This report discusses the construction and history of the EP, its role in functions of the EU as well as internationally, various international supports and criticisms of the EP, and the EP's ties with the U.S. Congress.