It has taken a long time, but the world’s fantasies about Barack Obama are finally crumbling. In Europe, once the headquarters of the global cult of Obama, the disillusionment is particularly bitter. Monday’s newspapers were full of savage quotes about the perfidy of the Obama-led US. It is not entirely Mr Obama’s fault that he became the vessel into which liberals all over the world poured their fantasies. Of course, like any politician, he pumped up expectations when running for office.