On the heels of their “Top Risks for 2010” report, the Eurasia Group released its “2010 Leaders to Watch” list, highlighting the world leaders that are expected to make the biggest impact on the world this year. Not surprisingly, considering that U.S./China relations claimed the top spot in the “Top Risks” report, number one and number two on the leaders list are Chinese Premier Wen Jiabao and U.S. President Barack Obama. The top five leaders are discussed below:

1. Wen Jiabao, China – “Having guided China through the worst of the economic crisis, Premier Wen Jiabao, the head of China’s sprawling state bureaucracies, now faces the equally difficult task of shifting Chinese policy from stimulating the economy to containing inflation and preventing asset bubbles.”
2. Barack Obama, United States – “This year may define the presidency of Barack Obama. He enters 2010 with diminished approval ratings, high unemployment, a massive deficit and poor prospects for the Democratic Party in mid-term elections in November.
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   On issues of critical importance to his agenda, he has ceded considerable responsibility to Congress to determine timelines and details—which the legislature will be reluctant to give back.

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3. Ichiro Ozawa, Japan – “If he survives the scandal that threatens to engulf him, Ichiro Ozawa has the opportunity to maneuver the ruling Democratic Party of Japan (DPJ) to victory in upper-house elections in July, giving it firm control over the government. Ozawa holds no cabinet position, but he is the most powerful politician in the DPJ, controlling its finances, electoral strategy, and the candidate-selection process as its secretary-general.”
4. David Cameron, United Kingdom – “If, as expected, the Conservative (Tory) Party wins national parliamentary elections in May, its leader David Cameron will take over as prime minister of a troubled country. The UK is still struggling to overcome a recession, a real estate bubble, and a serious crisis in its all-important financial sector.”
5. Luiz Inacio Lula da Silva, Brazil – “As President Luiz Inacio Lula da Silva begins his final year in office, he looks set to go out with a bang. Brazil is quickly recovering from the global economic downturn; Lula and his relatively market-friendly economic policies are closely associated with Brazil’s economic success. Internationally, he will utilize this appeal to pursue a larger role for Brazil in developing multilateral policies—in forums like the G20 and at climate change negotiations.
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Rounding out the rest of the top 10 are: Ali Akbar Hashemi Rafsanjani, Iran; Ashfaq Kayani, Pakistan; Vladimir Putin, Russia; Sheikh Khalifa bin Zayed al Nahyan, United Arab Emirates; and Olli Rehn, European Union.