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Jan. 20, 2021, 3:59 p.m. EST

Europe greets Biden’s inauguration with relief and muted hopes

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By Pierre Briançon

European officials greeted this week the inauguration of U.S. President Joe Biden as the welcome end of four years of roller-coasting trans-Atlantic relations. But they also sounded eager to get on with dealing with the problems that have accumulated in the meantime.

Read: Biden announces day one executive orders

The outlook: Europeans know that many contentious issues will be dealt with in the short term — Biden, for example, has already said he would rejoin the Paris agreement on climate change. Beyond that, European Union leaders also know that the two sides’ interests, notably on trade and economic matters, won’t always coincide.

The EU and the U.S. may not see eye to eye on how to deal with and regulate the power and influence of big U.S. technology companies such as Facebook /zigman2/quotes/205064656/composite FB -1.39% or Google /zigman2/quotes/202490156/composite GOOGL -2.57% . And in the short term, it may take some time to come to compromises on matters such as a global digital tax, or the continuing tariff war triggered by the subsidies dispute between plane makers Boeing /zigman2/quotes/208579720/composite BA +2.43% and Airbus /zigman2/quotes/208224336/delayed FR:AIR +1.37% .

Read: Biden likely to tighten COVID travel restrictions from these countries

/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 255.41
-3.59 -1.39%
Volume: 15.51M
March 3, 2021 4:00p
P/E Ratio
25.28
Dividend Yield
N/A
Market Cap
$737.55 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 2,011.41
-53.07 -2.57%
Volume: 1.69M
March 3, 2021 4:00p
P/E Ratio
35.27
Dividend Yield
N/A
Market Cap
$1395.46 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 228.56
+5.42 +2.43%
Volume: 30.43M
March 3, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$130.09 billion
Rev. per Employee
$412,489
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/zigman2/quotes/208224336/delayed
FR : France: Euronext Paris
100.46
+1.36 +1.37%
Volume: 1.52M
March 3, 2021 5:38p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€77.67 billion
Rev. per Employee
€379,995
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