From Asia Times
''Europe may just be living a remix of the late 2008 moment when Barack Obama won the presidency in the United States. But this time, will it be real?
The election on Sunday of socialist Francois Hollande as president of France comes at an extraordinary historical junction. He may have risen to the occasion himself, stressing in his acceptance speech "austerity is not a fatality". This is not only about France - it's about the future of Europe. And when France talks - better yet, acts - Europe listens.
Crucially, Hollande wants a deeper strategic partnership with the BRICS - Brazil, Russia, India, China and South Africa. And especially savory to the emerging powerhouses, he is in favor of the end of the US dollar as the world's reserve currency - to be replaced by a basket of currencies. Now the BRICS may have a strategic ally right at the heart of the EU in terms of trying to modernize the global financial system.''
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