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The Engine That Could.(International Edition)(United States and Europe on economic recovery)

Newsweek International

| May 25, 2009 | Dickey, Christopher | COPYRIGHT 2009 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Christopher Dickey; With Rana Foroohar in New York City and Stefan Theil in Berlin

As the economy shows signs of life, Europe's slow and steady model is proving there's more to life than hypergrowth.

At the end of the race between the tortoise and the hare, at least as the 17th--century French fabulist Jean de La Fontaine told the tale, the terrapin cries out, "I won! And what would have happened if you'd been carrying your house on your back!"

As the world's economies slog toward the still-not-quite-visible end of the crisis, Europeans are hoping they'll be able to make a similar boast to the Americans. And thus far, going slow and ...

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