As far as I know CarolC Spain and the rest of the "pre-Cold War" European democracies think of themselves as being in the "Western Hemisphere".

The clip you linked to is a typical Olbermann piece of selectively cut clips designed to suit the point that he wishes to promote.

By the bye, Olbermann is one of the main reasons that Americans believed that Iraq and Saddam Hussein had something to do with 911, by using exactly the same tricks.