NATO Meeting To Discuss Russia-Ukraine

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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.