© 2011 ransatlantic Academy. All rights reserved.No part o this publication may be reproduced or transmitted in any orm or by any means without permissionin writing rom the ransatlantic Academy. Please direct inquiries to:ransatlantic Academy 1744 R Street, NWWashington, DC 20009 1 202 745 3886F 1 202 265 1662E A@gmus.orgTis publication can be downloaded or ree at http://www.transatlanticacademy.org.
Transatlantic Academy Paper Series
Te ransatlantic Academy Paper Series presents research on a variety o transatlantic topics by staf, ellows, andpartners o the ransatlantic Academy. Te views expressed here are those o the author and do not necessarily represent the view o the ransatlantic Academy. Comments rom readers are welcome; reply to the mailing ad-dress above or by e-mail to A@gmus.org.
About the Transatlantic Academy
Founded by the German Marshall Fund o the United States (GMF), the ZEI-Stiung Ebelin und GerdBucerius, the Robert Bosch Stiung, and the Lynde and Harry Bradley Foundation, the ransatlantic Academy serves as a orum or a select group o scholars rom both sides o the Atlantic and rom dierent academic andpolicy disciplines to examine a single set o issues. Working together rom a transatlantic and interdisciplinary perspective, Academy ellows use research, publications, and ideas to make policy-relevant contributions topolicy debates acing the transatlantic community. In addition, the Academy has received early support romthe ransatlantic Program o the Government o the Federal Republic o Germany through unds o the Euro-pean Recovery Program (ERP) o the Federal Ministry o Economics and echnology. Te Compagnia di SanPaolo joined as a fnancial partner in May 2009.