video transcript

As Obama clinches the U.S. presidency with a substantial electoral lead, reactions on the streets of Madrid are mixed. Pausing on his way to work, one Spaniard says he's pleased with the result. (SOUNDBITE) (Spanish) SANTIAGO, A MADRID RESIDENT, SAYING: "I think it's more in Spain's interest than his rival." But another says it doesn't make much difference who has the top seat. (SOUNDBITE) (Spanish) ISABEL JANEIRO, MADRID RESIDENT, SAYING: "As I understand it, the United States will continue its world leadership regardless of whether it's Obama or the Republicans in power." Meanwhile in Rome, Italians seem to really believe in Obama's promise of change. (SOUNDBITE) (Italian) BUSINESSMAN MARIO ALTA, SAYING: "Obama represents the opposite of what Romney said, Obama is change. It is a change that will come about slowly but it will arrive eventually. Romney is a return to an America of 40-50 years ago, an America that no longer exists." While the nationwide popular vote was very close, Obama took the presidency with a substantial lead in the Electoral College - well above the 270 votes required to win.