Joe Biden's inauguration may have been happening in America, but the eyes of Europe and the world were watching. POLITICO's Rym Momtaz, Matthew Karnitschnig and David M. Herszenhorn discuss European reaction to the transition and debate the issues that will define this new chapter in transatlantic relations. Matt also has an update on the outcome of the race to lead Germany's governing Christian Democratic Union, and explains why Armin Laschet's foreign policy positions could spell trouble for his chances to be the next chancellor.

Our special guest is Daniel Benjamin, president of the American Academy in Berlin. As a former U.S. ambassador-at-large and foreign policy expert, with experience in government dating back to the 1990s, he spoke with Matt about what Europe can expect from Biden and his team — and why it would be "regrettable" for anyone to dismiss the U.S. out of fear that a Trump-like figure (or Trump himself) could return to the White House.

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