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75% Informative
The U.S. election offers a "least bad" outcome of a challenging Kamala Harris presidency or a second encounter with Donald Trump .
Europe expects few favours from a Harris presidency which it sees as " Biden continuity" Trump 2.0 presents multiple dangers: if he were to pull support for Ukraine , European governments would need to ramp up defence spending fast.
If he triggered a global trade war, Europe fears it would be the big loser.
Pro-European optimists suggest the US election could have a salutary shock effect of spurring the region to adopt the type of deep reforms proposed by former ECB chief Mario Draghi last month .
But any conclusions they draw will need to secure an EU consensus - which, as shown, can be elusive.
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92
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48
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