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...there was this demand from the markets for immediate cuts. Did that force you to abandon efforts on some of the bigger structural changes? What the markets were saying is we've heard this, we don't believe you. Greece has lost its credibility. What I was saying all along is we have to bring back our credibility. That did in fact work. Credibility for Greece has come back. Of course, those are short-term changes. We have to get down to the deeper changes, which we're already doing. So that's this phase. Now getting beyond this immediate...

Author: /time Magazine | Title: Q&A with George Papandreou | 4/12/2010 | See Source »

...Foreign Minister has helped him in his effort to convince Europe that Athens is serious about cleaning up its finances. "What the markets were saying is that, 'We've heard this, we don't believe you,'" Papandreou told TIME. "Greece had lost credibility. What I was saying all along is we have to bring back our credibility." Importantly, he's also managed to keep his party largely in line. "There is this concept of politics as a dirty game," he says. "It's a difficult game, but it doesn't have to be dirty." Greeks, Papandreou argues, want to deal...

Author: /time Magazine | Title: George Papandreou: The Greek Thinker | 4/12/2010 | See Source »

...wall painting in 1909, it was a panorama of voluptuous women in bright colors. When he finished it seven years later, the women were angular and anonymous, the setting radically flattened, and the river had become another of those vertical black bands, with a stark white snake shooting upward along it like a bent poker...

Author: /time Magazine | Title: Great Leap Forward: Matisse in Chicago | 4/12/2010 | See Source »

President Obama announced a plan March 31 that would allow oil drilling 50 miles off the coast of Virginia and encourage exploration for future drilling sites along the Eastern seaboard and northern Alaska. (The Pacific Ocean and Bristol Bay are off-limits.) Obama called the drilling leases, the first of their kind in two decades, a "balance" between the country's future oil needs and a desire to protect its natural resources. The proposal was largely seen as an effort to court GOP support for an upcoming climate-change bill...

Author: /time Magazine | Title: The World | 4/12/2010 | See Source »

...chocolate-colored exterior is faded and, without a leather cover, the steering is scorching hot in the sun. The Maruti 800 - India's original people's car before the Nano came along - looks dated. The modest hatchback, and the Bajaj Chetak, India's answer to the Vespa, captured the imagination of the Indian middle class in the 70s and 80s and kept them buying for decades. But the small car and the scooter, long ubiquitous on roads throughout India, are no longer the toast of India's aspiring middle class. Over the last month, both companies have announced that they...

Author: /time Magazine | Title: The End of an Era to Two Indian Road Classics | 4/11/2010 | See Source »

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