The gathering of North Atlantic Treaty Organization (NATO) leaders in Wales is taking place at the most alarming time for geopolitics in years – some say decades.
The 28-country group, formed in the light of the Cold War, seemed in the eyes of many to risk irrelevance with the collapse of the Soviet Union. With conflict in Ukraine and the Middle East threatening Western influence over the world, its apparently dormant power is now being reawakened.
“We are moving away from wondering whether NATO needs to change or develop, to try and find a reason to continue, moving away from that to trying to decide how they best address these pressing issues,” Sigmundur Davíð Gunnlaugsson, Prime Minister of Iceland, told CNBC.
U.S. President Barack Obama and U.K. Prime Minister David Cameron made a high-profile call for a new “multinational rapid response force, composed of land, air, maritime and special forces, that could deploy anywhere in the world at very short notice,” in an editorial in The Times Thursday morning.
“A more mobile force that can move around and respond to localized troubles to prevent them getting out of control,” is likely to result, according to Gunnlaugsson.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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