Word: banking
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...Other players have waded into the fray too. José Manuel Barroso, the European Commission president, has urged Merkel to agree on a package of "coordinated bilateral loans" for Greece - or risk harming the euro. European Central Bank President Jean-Claude Trichet and French President Nicolas Sarkozy have also dismissed the IMF option, saying it would make the E.U. look incapable of resolving its own crises. (Sarkozy has his own reasons for keeping the IMF at bay: its managing director, Dominique Strauss-Kahn, is a potential rival in France's 2012 presidential election.) Others, like French Finance Minister Christine Lagarde...
Thank you for Joe Klein's article "West Bank Renewal" [March 8]. The West Bank and Gaza provide a study in contrasts. In the West Bank, where Palestinians made a commitment to peaceful coexistence, Israel has removed checkpoints, increased trade and invested in local businesses. In Gaza, where Hamas continues to threaten violence, the economy remains in ruins...
Thanks for Klein's thoughtful and moving words about how West Bank Palestinians have been trying to improve their circumstances. Such honest commentary is strangely rare in the U.S. But it's a little patronizing to mention Palestinian good behavior as if Palestinians have been bad students for no reason whatsoever. If someone stole our homes and land, we might...
That promising message of hope carried us to Israel and the occupied Palestinian territories of the West Bank. There we found much the opposite of what we encountered in Northern Ireland. The dozens of Israelis we interviewed, whether they were members of the Knesset, academics, or local entrepreneurs, all communicated a depressing lack of hope about the prospects for a peace settlement. Their main explanation for this failure was that the Palestinian leadership was divided between Fatah in the West Bank and the “terrorist group” Hamas in Gaza. As one Knesset member...
...interviews with Palestinians in the West Bank, we found equally pessimistic outlooks. Though the security situation seemed very much under control and the local economy was vibrant, no Palestinian we met believed that they would have an independent state of their own any time soon. As Issa Kassissieh of the Palestinian Authority Negotiations Affairs Department put it, “There is no hope. The state of Israel cannot see their interests and the Israelis are not ready for peace.” What people viewed as Israeli Prime Minister Benjamin Netanyahu’s arrogant and stubborn leadership...