BusinessweekInternational Budget CuttingFacebookXLinkedInEmailLinkGiftExpandFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Karen WeiseDecember 22, 2011 at 9:22 PM UTCBookmarkSaveLock This article is for subscribers only.This article is part of the December 26, 2011 issue of businessweek.Chevron RightWho’s cutting what from their budgets, from Europe to the U.S. and … back to Europe.