her, but there isn t one. what is really happening is every nation for itself. what is really happening is this g-20 has been replaced with a g-0. i know we want some leadership, we feel like someone needs to be driving a response to climate or to terrorism or to the concerns in north korea and the middle east and all these. but no one is. and germany s capacity what is interesting about germany is that per kem feemerkel feels strongly about the commitment of western values and institutions and architect dhur. so she wants the g-7 to work. she wants multilateral wto to work. and she wants liberal addredemo to work. so the western press is looking a lot to her. but at the end of the day, she needs to cut big commercial deals with china and has to deal with brexit and she has a europe which is experiencing a slow
obstructed they re not being nominated that s something we need to watchful how trump is retreating from the global stage which kwo destabilize longstanding relationships including with nature p.o. and the g 0. he has the crucial speech coming up when everyone every nato member will be looking to see whether he reinforces this mutual protection clause that s in that nature of agreement. and the rest if the rest of the world will be looking at that saying if you don t say anything about nato and the commitment to it we are looking elsewhere for leadership. absolutely. article 5 is the foundational principle of nato it s a no brainer for the u.s. president to clearly and firmly state that they stand behind that principle of mutual defers. it would be the largest gift to vladimir putin you could possibly imagine to not just retreat from that principal but continue to sow division in the nato alliance. which is a lange sfang russian
drink up. brian? russia has our space program at least it transports us so is america losing its status? no. but things have changed. ian bremer is with us right now, and he s written this book and it s called every nation for itself, winners and losers in the g0 world. meaning? meaning not g-8, not g-20. we don t have global leadership. we have an absence of leadership not from the united states and not from anybody else. we re not going to bail out the europeans but neither are the chinese. we re not going to remove assad from power in syria. we re not going to bomb iran frankly but nobody else is either. that s what i call the g-0 war. this is a new reality. you re not writing this book saying america is in decline. that s not your point. not at all. everybody is debating right now whether or not the u.s. is in decline and the reality is whether or not we re in decline,
he s a fascinating guy. all right. thanks very much, kyra. all right. let s get you up to speed for this thursday, november 3rd. investors on wall street are watching what s happening in europe and we re keeping a close watch on the markets and your money. stocks open higher after a decision by the european central bank to cut interest rates right now dow is up 94 points, but every little cent counts at the g-20 summit in france. president obama met with french president nicolas sarkozy to discuss the european debt crisis. i think it s no surprise that we ve spent most of our conversation focused on strengthening the global economic recovery so that we are creating jobs for our people and stabilizing the financial markets around the world. the most important aspect of our task over the next two days is to resolve the financial crisis here in europe. the big part of the debt crisis is the drama playing out in greece. prime minister george papandreou called an emergency
together and saying here s what leadership is going to look like, but the reality is the countries right now are taking big decisions overwhelmingly looking at their own countries, their own economies. we ve had obama in power for two years now, there s no obama doctrine on foreign policy. there was a bush doctrine. you may not have liked it, there was one. carter, reagan, clinton, you look at gentlemanen p e japan, europe, those guys have been providing global leadership historically. the chinese, the indians, the indonesians, emerging markets, they re not yet willing or prepared to provide leadership on issues like trade, on currency, and so what we re seeing is a breakdown in global governance and what we believe is a g-0. reporter: so a g-0, if everyone s going for their own personal benefit, what does that mean for living standards? in this country? it means we re going to have trouble. because the economic and financial are global and require