Word: central
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...ordinance only provided a list of “principal uses” and not “accessory uses,” the Board questioned the extent to which the ownership of chickens and ducks was “customary” in Cambridge, which became the central topic of discussion for the rest of the evening...
Exams present an enormous challenge of their own. Some colleges in Mumbai are private and they conduct their own examinations. However, the majority of engineering colleges in Mumbai are affiliated with a central authority called Mumbai University. All such colleges take University exams. Answer papers from one college are sent to another for correction to ensure impartiality. Loss of answer papers and general confusion are rampant in this process. A friend of mine was certain that he had done really well on his computer science exam. To his dismay, however, his result sheet indicated that he had failed. He petitioned...
Although the pledge to help Greece was sincere, it was light on specifics. After the new E.U. president, Herman Van Rompuy, announced that the leaders of Germany, France and Greece - along with himself and Jean-Claude Trichet, head of the European Central Bank - had reached an agreement, the leaders then passed the issue over to their subordinates to hammer out the details. There was no call for an emergency bailout or help from the International Monetary Fund. Instead, the 27 E.U. members promised to underwrite the Greek economy through loans, guarantees and other measures, so long as Athens maintained...
...passage of the Lisbon Treaty last year, proved to be the linchpin of the deal. The former Belgian Prime Minister is uniquely equipped to understand the importance of projecting confidence to assure shaky markets - he has a master's degree in applied economics and worked for the Belgian Central Bank before going into politics. And as Belgium's Budget Minister in the 1990s, he was instrumental in helping to drive the country's public debt down from a peak of 135% of GDP in 1993 to about 90% today...
...single currency. Frugal Germany, the E.U.'s traditional paymaster, was understandably reluctant to commit to underwrite any rescue pledge before securing a cast-iron commitment from Athens that it would put its finances in order. Earlier in the day, Otmar Issing, the German former chief economist of the European Central Bank, said the Greeks enjoyed "one of the most luxurious pensions systems in the world" and that it was unreasonable to expect German taxpayers to fund it. Merkel's message of support included a hint of steel. Greece "will not be left on its own, but there are rules...