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The concept of a global NATO is not new and has had, over the course of time, different meanings. Its implementation would mean a deterioration of the article 5 guarantees, and a weakening of the Alliance in Europe. It is probably more urgent to stabilize this Alliance on the “Old Continent,” by adapting its strategic concept and by setting up a genuine transatlantic forum with the European Union –which should recast its own security strategy.Simon Serfaty, American foreign policy professor at Old Dominion University (Norfolk), holds the Brzezinski chair in global security and geostrategy, Center for Strategic and International Studies (CSIS). His last book is: Architects of Delusion: Europe, America, and the Iraq War (Philadelphia, University of Pennsylvania Press, 2008).