Will anything change for the EU? Sarah Ludford anticipates developments in trade relations. And Marc Tarabella answers tough questions about organic produce.

7 days: Obama - let's try again

https://api.multimedia.europarl.europa.eu/documents/20125/16125905/m004-0052-en.srt

It's yes again.  Barack Obama has been re-elected.

European citizens and political leaders  welcomed this re-election.

In a survey this summer  by the German Marshall Fund,

75% of Europeans said  they would back Obama,

But European money was less enthusiastic.

Many business executives and investors  in Europe,

would have welcomed a president  who was one of their own.

So what will be the impact  of Obama's election in Europe

and on transatlantic relations, of course?

This is our topic today,  and I welcome British MEP Sarah Ludford.

You've been a Member of the European  Parliament since 1999. Is that right?

You're a member of the Liberals and  Democrats in the European Parliament,

We'll come back to these ideas  of Guy Verhofstadt in a short time.

You have a real economic background,  I would say.

You graduated from LSE.  You worked for American Express too.

It would be very interesting  for me to know

how the European economy could develop  within this transatlantic relationship.

But before we start we have  the same procedure as every time.

It's one minute where I ask questions  and you have two possible answers.

Back to the survey I talked about at the  beginning by the German Marshall Fund.

Will Obama's election have an impact  on transatlantic relations?

Was Romney maybe a better choice  for the world economy,

Is the US economy in better shape  than the European one?

Is it more important  than the European Single Market?

Is Europe an issue in the United States?  -Not much.

David Cameron might impose a veto  during the European budget negotiations.

but of a hard-headed, realistic negotiation.

OK. It will indeed be a hard negotiation.

Before we continue, I'd like to show you

what happened this week  at the European Parliament.

The long-term EU budget  continues to cause divisions.

After the proposals of  the Cypriot Presidency of the EU

to reduce the 2014-2020 budget  by over 50 billion euros,

MEPs and the European Commission  have entered the fray.

For the EP, the proposal is unacceptable

as it would considerably reduce spending  intended to boost growth and employment.

But some countries like Sweden think  it's necessary to impose larger reductions.

The 27 have to reach agreement  on 22 and 23 November

The airport package is progressing.  MEPs on the Transport Committee

adopted on Tuesday new rules  in three key areas of air transport:

aircraft noise, takeoff and landing slots,  and ground handling services.

but also the daily life of citizens  living close to airports.

The LUX Prize 2012 has been launched.  The three competing films

were presented at Bozar in Brussels  on 5 and 6 November.

They will also be screened  until 12 November in the EP

and in its information offices  all over Europe.

Every year since 2007  this prize has rewarded European cinema.

The winner will be revealed  on 21 November

and the prize will be awarded in December  at the Strasbourg plenary session.

Well, I think we've got a chance  to deepen the relationship between...

In the quiz part, when I said Europe  had not figured much in the US election,

and I heard just one question about the EU.  -Exactly. I was trying to be diplomatic.

and say it's because Europe isn't  one of the conflict zones around the world

The other side of it would be to say  that we're not very relevant to the US.

The fact is that President Obama  is very concerned

about the economic and financial turmoil  in Europe,

so the better we can address that  and get our act together in Europe,

the stronger and more reliable partner  we are to the US.

I mean more the sort of feeling  between the EU and the US.

If we go back to one of the first meetings,  the US-EU summit,

where Barack Obama just had  about 120 minutes left

Well, I like to put a positive outlook on that,

that we can take each other  for granted a little.

I was in Sarajevo last week  as part of the interparliamentary meeting

between the EP and the parliament  of Bosnia and Herzegovina.

Cathy Ashton and Hillary Clinton came  on a joint visit.

That's how closely they work together  on issues like the Western Balkans.

So that relationship  is obviously very strong.

We're working very strongly together to try  to counter the nuclear threat from Iran.