The European Parliament, looking to strengthen institutional ties between the US and the European Union, called this week for the creation of a transatlantic political council to co-ordinate foreign and security policy. The council would be chaired jointly by the US secretary of state and the EU’s high representative for foreign policy and would meet at least every three months.
The parliament also called for the establishment of a transatlantic assembly, linking the EU legislature with the US Congress, which would meet twice a year. It said the EU and US should aim for a unified transatlantic market by 2015. Read more