Europe's bad mood: Does Barack Obama need to worry?

The elections that drove Nicholas Sarkozy out of power in France and left Greece scrambling to build a coalition government pose a financial threat to the United States that could undermine President Barack Obama's efforts to cast himself as the agent of a US economic revival.

For Obama, the danger is that any economic turmoil unleashed by the French and Greek elections will spill over to the United States, slow the recovery even more and, ultimately, further jeopardize his re-election in November to add him to the recent roster of politicians whose careers have been short-circuited by economic anger.

At the same time it has shifted Europe's political balance to the left and in favor of the type of economic growth policies that Obama has advocated both for Europe and for the United States.

For more: Europe's bad mood: Does Barack Obama need to worry? - The Economic Times