India alone once produced more wealth than all Europe. India's "backwardness" in the last two hundred or so years was a consequence of the collapse of the Mughals and the British taking advantage of the chaos afterwards.
It is indeed making a mockery of its former colonial master right now.
As for Europe, the debt crisis is a crisis, but hardly an existential one for the EU. It'd be like saying the economic problems the US is having will have us deravel or something. It'll be multi-speed, but integration continues regardless and diplomatically are (very slowly and in small bursts) pushing their weight. It was them after all, who got Russia to stop the utter asskicking it was giving Saakashvili, rather than the US, despite the close ties.
Back on topic, Duvalier has been taken into custody.
The difference between Duvalier and Aristide is that Duvalier's survival depends on the people not revolting and dragging his ass out onto the streets to hang, which may not happen if they're not paying attention, while Aristide's depends on the willingness of the army members or Haitian elites finding the opportunity to send someone to shoot his ass, and I know those guys are paying attention to Aristide's movements.
So sadly, despite being the more popular democratically elected leader, Aristide is more likely to get a bullet to the face than the ex-tyrant Duvalier.

I wouldn't call it third rate, unless you're "rate" is to compare it to countries like the US, Russia and China.
Fight smart, not fair.