On July 1 2015, President Barack Obama stated:
"I can announce that the United States has agreed to formally establish diplomatic relations with the Republic of Cuba, and reopen embassies in our respective countries. This is a historic step forward in our efforts to normalize relations with the Cuban government and people, and begin a new chapter with our neighbors in the Americas."
Following this speech, news broke that Vice President Biden will be travelling to Havana to raise the American flag over the U.S. embassy for the first time in the half-century length of the embargo.
In Havana, the current Cuban President Raul Castro spoke on television with similarly positive news:
"We want to develop a friendship between our two nations that is based on the equality of rights and the people's free will."
His speech was followed by an announcement of the reopening of Cuban embassies in the U.S. by July 20th. Both leaders' speeches highlighted a willingness to work together but they did not hide the fact that there will be some issues with the reopening of relations between the two old enemies. However, it is clear that both are aware that isolationism simply does not work between two countries located so closely geographically to each other and that the past 54 years have been a failure on the part of both governments.