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EU NEWSBRIEF: European Union Congratulates President Obama on his Re-election

Leaders of the European Union today congratulated President Barack Obama on his re-election as President of the United States of America.

“The United States is a key strategic partner of the European Union and we look forward to continuing the close cooperation established with President Obama over these last four years, to further strengthening our bilateral ties and to jointly addressing global challenges, including in the fields of security and economy,” said European Council President Herman Van Rompuy and European Commission President José Manuel Barroso in a joint statement.

They noted that the creation of growth and jobs remains a priority for both the U.S. and the EU and that cooperation continues to unlock the unparalleled potential of the transatlantic market.

Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States, also congratulated President Obama and the elected Members of Congress, saying that he “looks forward to continuing the solid EU-U.S. cooperation on a broad common agenda.”

Other news that relates to the subject

After months of campaigning, debates and political speculation, President Barack Obama claimed a second term on Tuesday, November 6, Le Nouvel Observateur, L’Express and The Washington Times reported. In what had been anticipated as a close race, Obama with 303 electoral votes had far surpassed the necessary 270 electoral votes as the nation awaited results from Florida, considered a crucial state, on the morning of Wednesday, November 7. Le Monde explored the important role of the economy and the nation’s Latino vote in the re-election, while Reuters pointed out that Obama had little time to enjoy his victory, as the nation’s leader faces a tough battle to address the impending “fiscal cliff” and must work fast to address the nation’s economic concerns.

The 2012 elections saw the continuation of divided power, as the Democratic Party maintained control of the Senate while the Republican Party kept its lead in the House of Representatives, Le Point and The New York Times reported. With pressure mounting around the nation’s “fiscal cliff” that could see $600 billion in spending cuts and tax hikes that could come into effect if Congress fails to reach an agreement by the end of the year, attention has immediately turned to an anticipated impasse between the split Congress and the need for bipartisan work to address the nation’s fragile economy, as explored by TF1 and The Boston Globe

European, Asian leaders swap economic pressures

European leaders, including French President François Hollande, gathered for the two day Asia-Europe summit in Laos on Monday, November 5, New Europe reported. While Asian leaders applied pressure during the first day for European leaders to get the European debt crisis under control, European leaders responded with demands for Asian nations to reform trade policies, notably China’s stern control of its currency, according to The Wall Street Journal. On Tuesday, November 6, leaders from the two groups made public proclamations calling for closer cooperation between the two continents, as covered by The Boston Globe.