A European Parliament study highlights how economic and financial relations between the EU and the United States remain central but are characterized by growing imbalances. The EU continues to be highly exposed to U.S. financial and monetary shocks, while benefiting less from U.S. growth, creating a “vulnerability paradox.” Divergences in productive specialization are emerging, with Europe strong in manufactured goods and the U.S. in high-value-added services, and a growing attraction of European investment toward the U.S. market. The study highlights the risks to competitiveness and strategic autonomy and underscores the need to integrate European capital markets and enhance the capacity to mobilize private savings.

Attached is a summary brief of the study, in Italian, prepared by the Single Market Lab.