Europe's Road Ahead

AHMAD MASOON / REUTERS

Two weeks on from an historic American presidential election, the global sense of euphoria that an Obama Administration offers the change we need (to steal a slogan) remains undimmed. At the G-20 summit in Washington, heads of governments scrambled over each other to talk to Obama's two emissaries (the President-elect was not there himself). Surfing an Australian news website, I noticed that its top story was a report of a speech that Obama had just given by video to U.S. state governors on the need for Washington to stake a leadership position on global warming. The subtext: See, he's...

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