J. Paul Horne is an active independent international market economist since retiring in 2001 as a managing director and European equity market economist at Salomon Smith Barney/Citigroup in London. He is on the boards of the Committee for the Republic, the Global Interdependence Center in Philadelphia; and the American Library of Paris Foundation. He writes for The European Institute and is on the forecasting and editorial panels of the National Association for Business Economics. Previous positions: Smith Barney’s chief international economist and Investment Policy Committee member based in Paris 1975-1998; the Rockefeller’s IBEC group 1970-1975 and financial-economic correspondent of Newsweek and The Times (London) 1960-1970. He graduated from St. Paul’s School and Yale University. He and Mrs. Horne divide their time between Alexandria, VA and Paris.