Practice Management

Obama in Europe: More than Kennedy-lite.

By Dan Hull

WAC? is wrong about many things--and was wrong to suggest five months ago that Barack Obama was not ready for prime time on terrain outside the U.S. Maybe Obama can't save the world, or even your 401(k)--but even our phlegmy Brit friends give Obama high marks for making friends in Europe. They do so, of course, without gushing. See The Economist: "The G20 Summit: The Obama Effect". It was published April 2 but still captures the Obama "atmospherics" in the days since then. Obama has even charmed dour Prague, where (despite its arresting beauty) being in a really bad mood has long been a popular sport. And as expected, France and Germany may emerge as the nations least likely to support aggressive stimulus measures:

President Nicolas Sarkozy and Chancellor Angela Merkel said Europe had done a lot already to provide economic stimulus. What was needed was far tougher regulation, whose targets would include hedge funds, traders? pay, rating agencies and tax havens. Both of them seemed keener on trying to prevent financial crises in future than on dealing with the one that is raging now.

Full post as published by What About Clients? on April 07, 2009 (boomark / email).