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...demands preservation if the EU is to endure. The Euro currency is used by 16 EU nations, which together constitute an economy the same size as the United States’s, and the fair-weather economic interdependence has been a lucrative source of prestige. The EU simply cannot afford to so accurately fulfill Euroskeptic predictions and allow its unity shatter in more turbulent economic conditions...

Author: By The Crimson Staff | Title: Eastern Promises | 3/4/2009 | See Source »

...coherent policies done not just by the U.S. but by Europe, Japan, China and everyone else. The credit crunch is just massive. One thing that's needed is much more aggressive monetary easing. The second dimension is that you need much more fiscal stimulus - in the countries that can afford it - that is front-loaded. The U.S. [stimulus package] is $800 billion, but only $200 billion is front-loaded. Of that $200 billion [in stimulus] this year, half of it is tax cuts. That's going to be a waste of money, because people are not going to spend...

Author: /time Magazine | Title: Roubini Sees More Economic Gloom Ahead | 3/3/2009 | See Source »

...vehicle sales stay steady at 25% to 30% down, the consumer is beginning to tiptoe back into the market. The likely cause for this is that extraordinary deals on new cars are becoming attractive to buyers who have cut their debt and can afford to make a modest investment based on very attractive interest rates helped by capital put into the banks by the government. Low fuel prices will help that, and Federal Government tax cuts will give consumers a few extra dollars a month. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Six Signs the Recession Is Ending | 3/3/2009 | See Source »

...sophistication of the operation raises questions not only about the identity of its authors, but about the failure to afford the visiting cricket team sufficient protection. Foreign teams, including Australia, England and India, have all refused to play in Pakistan in recent years because of security fears. But Pakistani authorities have insisted that security is fine. It will be harder to do that now. "The happiness and joy that cricket brought to our country has been destroyed by the violence we saw today," says Ali Shujaat, owner of the Lahore Cricket Academy. "We have got infrastructure worth millions of dollars...

Author: /time Magazine | Title: Attack on Sri Lankan Cricket Team: Echoes of Mumbai? | 3/3/2009 | See Source »

...Mitchell have a more difficult challenge as mediators if hard-line Likud leader Benjamin Netanyahu is Prime Minister? Historically, it has been more challenging for American Administrations to deal with Likud-led governments in Israel. But I never believed that, on issues that are central to you, you can afford to wait until there is a "ripe" environment. If the issue is central, diplomacy has to work hard to ripen the environment for a deal...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

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