How can you describe the present state of the transatlantic partnership? In early 2003, the notion used was the drift. Now, after president Bush’s second term it seems that we have a revived transatlantic alliance capable of projecting its power far beyond Europe and assuming global missions. On both sides of the Atlantic we have political elites with an advanced euro-Atlantic mindset. In this context, can NATO became once again a tool of first choice, a natural first choice since the alliance is the only interface between the euro-Atlantic societies and the threats of the XXI century? Or coalitions of the willing of NATO members (but not using NATO as a whole) would be a more realistically scenario because we are living in an article 4 world of discretionary commitments (Richard Haas)?