In the aftermath of the Cold War era, a new world order is being created at an extraordinary pace. Europe is becoming a more unified power, Germany is assuming a central role within that power, NATO is looking for a new mission, the former Soviet Union has ceased to be a superpower threat, and the United States is going through its own superpower adjustments. As these dramatic shifts occur, a crucial question for world stability is the future relationship between the United States and Europe. This volume brings together some of the best-informed and most-experienced international personalities to interpret the repercussions of these twists of the European kaleidoscope. They assess the impact the changes will have on future political, economic, trade, financial, industrial, and security developments, and above all, on U.S.-European relations.