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via Europeans defy US to join China-led development bank – FT.com.
David Cameron has shown strong leadership skills in backing this initiative of China’s President, Xi Jinping, against the advice of Obama‘s administration. But, a week after the UK, other European countries have followed suit and Australia is reconsidering too.
This is an important move, and recognizes the decline of US hegemony, which has been accelerated by foreign policy decisions of the Obama administration. Obama has been a weak president and US geopolitical interests have weakened under Obama.
Let me ask an open question:
Is Obama’s weakness as a leader more evident overseas than in the US?