Posted by 
Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order to lead the world out of its worst financial crisis since the 1930s.
Excitement about the election of Democrat Obama as the first black U.S. president was tempered by an awareness of the challenges he faces as the world’s biggest economy labours in recession.
“We need to change the current crisis into a new opportunity. We need a new deal for a new world,†said European Commission President Jose Manuel Barroso.
“I sincerely hope that with the leadership of President Obama, the United States of America will join forces with Europe to drive this new deal,†he added.
