Word: bailouts
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Dates: during 2010-2019
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...President seems to be enough to propel them to gains in this year's midterm elections, Ryan may be forcing a conversation his party is unwilling to have. That's a risk that Ryan, who defied party doctrine by supporting the Troubled Asset Relief Program and the auto-industry bailout, is willing to take. "I put this out there to get the debate going and show a different vision," he says. "I don't expect it to be the platform of the party. I expect it to launch a debate about what America is to become...
...cohesion and the will to prevail together? The reason: many Europeans don't have the same "there's no other choice" attitude with Greece that they had last year when confronted with the need to bail out their banks to prevent a financial collapse. "I'm against [a Greek bailout], especially since the Greek government cheated in the first place and hushed up the real numbers," says Berlin physician Peter Seidel, 52. (Read "Why Greece's Economic Debt Crisis Threatens the Euro...
...extend. Though no similar surveys have been conducted in France, leaders there say the public sentiment is much the same. "There are cultural differences for why the French wait for something to happen before reacting when the Germans respond as they see it developing, but opposition to a bailout - if that happens - is likely to be similar in both [countries]," says an adviser to French Economy Minister Christine Lagarde, who commented on background due to the sensitive nature of the situation. "Try explaining to public opinion you're using its money to help Greece after it kept building up debt...
Problem is, though, the markets are finding it tough to trust Athens. At the World Economic Forum in Davos rumors swirled - despite assurances to the contrary by Greek and E.U. officials - that Greece was on the brink of a default and would need a bailout from Brussels or the International Monetary Fund (IMF) - or even get booted out of the E.U. altogether. "If any other country was making the kinds of adjustments that we are, it would be applauded," says Papaconstantinou. "In our case, they are not sure we are actually doing it." (Read: "Why Greece Could Be the Next...
...Greek authorities, the E.U. is insisting on a direct role in monitoring the nation's recovery plan. And next week, E.U. finance ministers are expected to formally demand the steps Greece needs to take to reduce its deficit by 4% this year. (See more about the E.U.'s bailout of Greece...