[fluffy0000]

Komitsuki-
Your'e link too - Telegraph and Nile Gardiner

The article has several mistakes and it's author misreads or ingnores that
even in the wake of G-20 summit - even prior to it, the EU has several economic basket cases including Greece, Iceland,Latvia etc. not including the UK government having to in effect nationalize the UK 's biggest banks .
note The Telegraph article below:
-----------------------------------------------------------
The Telegraph
Europe on the brink of currency crisis meltdown
By Ambrose Evans-Pritchard 25 Oct 2008 / Nov 26 2010
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump.

Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.

“This is the biggest currency crisis the world has ever seen,” said Neil Mellor, a strategist at Bank of New York Mellon.
The latest data from the Bank for International Settlements shows that Western European banks hold almost all the exposure to the emerging market bubble, now busting with spectacular effect.

They account for three-quarters of the total $4.7 trillion £2.96 trillion) in cross-border bank loans to Eastern Europe, Latin America and emerging Asia extended during the global credit boom – a sum that vastly exceeds the scale of both the US sub-prime and Alt-A debacles.
-----------------------------------------------------------

Lets look at this quote from the Telegraph article:
Niles Gardiner,

" Iran ..,brutal and barbaric Islamist regime inches closer towards becoming a nuclear-armed state, which threatens the security of Israel and the future of the Middle East."
-------------------------
Why not include Israel in this statement ? Israel has hundreds of nuclear weapons and periodically invades it's neighbors , does not allow inspection of it's nuclear arsenal. Repeatedly ingnores and violates UN resolutions. Why are they not a security threat?

Niles Gardiner ,
"..,flawed new START Treaty with Moscow which actively undermines US interests, increases the strategic power of Russia, and significantly undercuts Washington’s ability to deploy a global missile defence system."
--------------------------------------------------------------------------------
What strategic power of Russia is he talking about?
Russia armed forces are in decline and it's navy and airforce have declined in quality and quanity. It's navy which over half it's ships are mostly left over from the 'Cold War' period is reaching well past their 30yr lifespan will have to be retired soon, further reducing Russia Navy in half.

Present day Russia navy-
Oct 29, 2010: new Bulava SLBM (submarine launched ballistic missile) had a successful test launch. There will be one more test before the end of the year, and if that one is good, the missile will enter service next year. The Bulava has failed half its test launches so far, and recently failed three in a row.
-----------------------------------------------
Russia as opposed to the period during the 'Cold War' has a resurgent NATO with NATO client states on Russias very doorstep and US forces aligned in force along it's southern border Afghanistan etc.
----------------------------------------------
Afghanistan / Iraq - Niles Gardiner is again mistaken.

Obama's policy and strategy regarding Afghanistan and Iraq is no different from previous US administrations even his commanding CIC in Afgnanistan is left over from the Bush administration. In fact this policy is Gen. Petraeus commanding general of the International Security Assistance Force (ISAF) in Afghanistan.

Last but not least is this excerpt from same Telegraph Niles Gardiner whopper:

"..,latest aggression emanating from Pyongyang is a stark reminder that America cannot afford to be letting its guard down, and needs to stand up to its enemies rather than appease them."
------------------------------------------------
Well spoken Niles Gardiner! Who is nowhere near harms way or South Korea. The people in Seoul can take comfort in Niles Gardiner stand against Americas enemies.