E
epan
Guest
The Euro economic consensus appears to be that the US election makes no difference. The current economic news is that the German economy is only projected to grow 0.8% in 2013, the same as 2012. The degree of optimism among business leaders is the lowest in 31 months.You make a good point.
Declining exports are now being blamed. Previously, the extreme austerity measures were under attack. While the US pursued expansion through government subsidy, the Germans pulled hard for spending cuts to match government revenue receipts.
Opinion across Europe is mixed, as to whether it is better to stimulate the economy, and create more debt to deal with later, or better to take the opposite approach and let the free markets have more of an influence. The big fear here is a second dip, which some say is starting now. Others disagree, and point to slow growth.
The most common advice is to remain in short positions in the markets, and to wait for signs of structural improvement in the US economy. Neither candidate was seen as being better than the other to achieve that.
The polls were something like 80% in favor of Obama across Europe. A lot of people are happy about the election results.