Global Politician - Russia and Europe want a multi-polar world - by Lorna Thomas

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Russia and Europe want a multi-polar world - by Lorna Thomas

REINS OF POWER SLIPPING FROM U.S. ARE BEING TAKEN UP BY EUROPE WHICH INCLUDES RUSSIA

“We are facing the greatest economic challenge of our lifetime, and we're going to have to act swiftly to resolve it," President Elect Barack Obama said during his first public address after election. On 24 November, he said, "We are going to do what is required to jolt this economy back into shape." "We are facing an economic crisis of historic proportions. Our financial markets are under stress. While we can't underestimate the challenges we face, we also can't underestimate our capacity to overcome them." At a time when U.S. prestige and power in the world is low and it faces numerous challenges, many have looked to the promise of change associated with the Obama campaign with high expectations, hoping he would help save the U.S. from its troubles and restore U.S. standing in the world. But unless the people of the U.S. do make certain changes, the U.S. is heading into far greater trouble and a change they may not like.

President Sarkozy said “We have to change things at a structural level – dramatically. Things have calmed down but that shouldn't make us think we can go on as before. I remain convinced that we all - the Russian Federation and Europe - have an interest in working toward a common economic space, which would allow the creation of inter-dependencies, and would definitively rule out all forms of confrontation - because they would undermine common interests."