Several long years ago, President Bush looked into the soul of then President Putin and saw someone with whom he could get along. Since then, the ignorant, incompetent Bush has done everything possible to antagonize Russia and make it hostile to the United States. President Nicolas Sarkozy, who holds the current presidency of the EU has made efforts to reach out to Russia in oder to reduce tensions created by American blunders in building missile bases in Poland and supporting Georgia’s ill fated efforts in South Ossetia. European-Russian negotiations for a new Partnership and Cooperation Agreement will soon begin. Europe and Russia are working together on global crisis concerns, and Sarkozy blasted Bush’s ideas on anti-missile bases in Poland.
Russia is now the European Union’s third largest trading partner and it increasingly supplies extensive oil and gas to meet the needs of European nations. There is hope once Barack Obama becomes president in January he will join EU efforts to undo damage done by Bush’s incompetent behavior toward a major nation of the world.
The economic crisis continues to compel nations to reconsider relations between governments in time of dislocation of banks and industries. French President Sarkozy has been urging greater cohesion of European Union efforts to deal with the current banking crisis. He is now calling for creation of an “economic government” for countries which use the euro in order to have more effective response mechanisms when the world confronts banking and business failures that threaten the very security of economies.”It’s funny,” he said, “we can have the same bank(ECB), the same currency, the same market and that speaking of a(common) economic policy is not good. Honestly, it’s a curious idea.”
It appears the French leader initially is considering regular meetings of government leaders to focus on joint of cooperation and responses to an economic situation. He fears that other nations will now work more closely with their banks and major industries in order to jump start economies and create new industries. Sarkozy most probably believes the old ideas of a free market that is unsupervised by anyone are a relic of the economic world that is disappearing.
Perhaps, we are living through the birth of a new conception of capitalism that incorporates socialist ideas.