Statement by Christian EHLER (EPP, DE), Chair of the EP Delegation for relations with the United States, on the outcome of the US Elections

Type: News   Reference: 87881   Duration: 00:02:16  Lieu: Brussels, Belgium - European Parliament
End production: 07/11/2012   First transmission: 07/11/2012
Following the re-election of President Obama for a second term as President of the US, the Chair of the EP Delegation for relations with the United States Christian EHLER (EPP, DE) commented on the challenges ahead.

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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:05
00:00:05 Exterior shot of the EP, Brussels 00:00:05
00:00:10 SOUNDBITE (English) Christian EHLER (EPP, DE), Chair of the EP Delegation for relations with the United States: "I think the day after the election is somehow the first day of politics and it will be very challenging for the new administration to set a budget compromise till the end of the year because there is just November and December left. Otherwise there will be automatically cuts in the US budget and I think the new administration is facing substantial challenges and this is not just American politics. The international markets are waiting for a budget compromise and it will be difficult to achieve if you see that the budget's proposal comes from a republican House and it will be very challenging for the administration to master this until the end of the year". 00:00:44
00:00:54 SOUNDBITE (English) Christian EHLER (EPP, DE), Chair of the EP Delegation for relations with the United States: "I think the overall economic crisis shows how important is the relation between the US and Europe. We have this joint high-level group on growth, so it's interesting that both sides talk on growth and believe that just a joint effort in that direction will change the terms in the international economy, and I think that the expectations to some extend is how to boost it. If there will be a solid solution for the euro-crisis and the state debt crisis in Europe but also the question of whether a divided America is able to set up a solid budget and not slide as well into a state budget crisis. But there are answers to that; I think we will see before the end of the year that the high-level group on jobs and growth will back up a proposal to start negotiations on a free-trade agreement, even perhaps on a free-trade zone between the two sides, and the Parliament is very much backing up here in Europe that proposal. We are going to negotiate that with our colleagues in the "Ways and Means" Committee and the House side at the end of November, so there are answers to the challenges but I think that the important message is: either we share that, and we share the crisis management but also we are looking for joint solutions, or we will loose". 00:01:22
00:02:16 END 00:00:00
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