THE EU MUST ACT NOW
By Mario Soares (*)
LISBON, Feb (IPS) There is lively debate in the European Union about the global recession and the economic crisis in member
countries, but relatively little discussion about the future of the Old Continent.
We need to acknowledge, above all else, that Western (EU-US) hegemony is a thing of the past. The world is now multilateral and recognises that emerging countries and those trying to emerge have an important role to play.
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