On November 17, 2010, the European Institute hosted a luncheon meeting of the European-American Policy Forum in cooperation with Notre Europe, a Paris-based think tank devoted to European integration. The Honorable Tommaso Padoa-Schioppa, President of Notre Europe and former Minister of Economy and Finance of Italy, presented Notre Europe’s recently released report, Reshaping EU-U.S. Relations. Informed by a task force of high-ranking former European statesmen and ministers, the report seeks to redefine the EU-U.S. relationship in the face of a rapidly evolving international context, fuelled by globalization. Many contemporary global issues, such as climate change and economic governance, can no longer be addressed on a unilateral or bilateral basis. Indeed, the Euro-American relationship should become a platform for forging global partnerships, rather than a means of asserting Western leadership. For both the EU and the United States, this new paradigm will mean working together in support of multilateralism as the basis for international negotiations, and promoting shared sovereignty in the management of global issues.