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During the decades of the Cold War, the relationship between the United States and Western Europe developed into a strong partnership. But, the world has changed in the last decade, and the fall of the Soviet Union has been accompanied by the evolution of a new European reality, while the United States has emerged as a last, reluctant, superpower. Both Americans and Europeans accept the fact that their partnership has undergone changes, and may be tending towards a New Atlanticism, with major issues that need to be addressed. The authors focus on subjects such as the reform of NATO and the European Union, the role of the Euro, international financial relations, capital investment, multinational companies and financial institutions, telecommunications, trade relations, cultural ties, science and higher education, social change, and the nature of civil society.