The transatlantic marketplace and Obama: don’t be quick to celebrate
November 03, 2008 / Joseph Quinlan
Süddeutsche Zeitung
It's no secret that Europeans won't miss President Bush when he hands over the presidency to President-elect Barack Obama in January 2009. Because of the extremely unpopular, U.S.-led war in Iraq, the past eight years in transatlantic partnership have been tenuous, and the general impression is that the years following this administration can only improve.
Obama's campaign mantra - Change - seem sensible to Europeans. However, an Obama-Presidency could produce inflated expectations, and with the current financial crisis, globalization will be continually seen with skepticism. Most likely, the new administration will put emphasis on domestic policy, protecting American jobs and companies by implementing new rules to do as such. This will prevent further development of free trade and the transatlantic marketplace.
The full article, in original German, is available for download below:



