October 13, 2008 - 16:52 AMT
GUAM has no future unless its member states are rich are powerful
GUAM is a phantom organization having no influence, a Ukrainian politician said.

"I once labeled GUAM as a union of the beggary. I don't believe in efficiency of this organization. Any union should have a solid foundation. GUAM doesn't," Dmitry Vydrin said.

"These states are not regional leaders. They are not even the richest countries within the CIS. I wonder how this organization exists," he said.