Praise for European leadership

Mediterranean Academy of Diplomatic Studies, University of Malta
Coordination of macroeconomic policies, one year after adoption of the Euro, is largely regarded as a blessing with the benefit of hindsight for some. The leadership shown during the financial crisis by the likes of British Prime Minister Gordon Brown and French President Nicolas Sarkozy, has been very welcomed by Malta.
2009 to be met with challenges, rising economic powers and increased globalization
The year 2009 is therefore certain to be a very challenging year, a year that calls for true leadership on a global stage. Twenty years since the end of the Cold War, the post-Cold War contours are becoming more and more clear as the rise of China, India and other powers becomes more obvious and the relative decline of America more apparent. Turbulence in the economic sector and chaos in the political sector are signs of a changing world order where the west is surrendering centuries of economic and political hegemony. 2009 will witness a further ushering in of a globalization process where weakened nation states and international organizations are seeking to find their place in the emerging multipolar system by addressing the multitude of challenges they are facing.
Continuation of reform
In the transitory times we are experiencing, it is clear that the EU must continue with its process of reform aimed at making the EU more competitive. Ratification of the Lisbon Treaty will result in making the EU more coherent and allow it to play a more active role on the international stage.