Word: centralization
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Dates: during 2000-2009
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...Getting out of it won't be easy. Jean-Claude Trichet, president of the European Central Bank, which sets interest rates for the euro zone's 16 countries, urged the country on Monday, Dec. 7, to take "courageous" steps to tackle the crisis. Greek Finance Minister George Papaconstantinou, part of the socialist government that won power in the country last October, duly pledged to do "whatever is required" to shore up the country's finances. Key to the recovery plan: slashing Greece's budget deficit next year from 12.7% - more than four times the level allowed under E.U. rules...
...over 20 Co-op residents were seated at the long central table among an assortment of old mugs and mismatched plates and chairs, a stark contrast to the uniformity of House dining halls...
...Indeed, battles over how to carve up Iraq's oil revenues between the country's bitterly divided ethnic groups have stopped parliament from signing a national hydrocarbon law originally drafted in 2006. After previously insisting that they would not do business in Iraq without a legal framework governing central issues such as revenue-sharing, oil executives now are resigned to the fact that it may be years before a law is forthcoming...
...Shabbab. The group is believed to have formed in mid-2004 as the military wing of the Islamic Court Union, a radical group that controlled much of Somalia before being ousted by the Ethiopian army in a U.S.-backed invasion in 2006. (Somalia has been without a strong central government since dictator Mohamed Siad Barre was overthrown by warlords in 1991. Conflict in the Horn of Africa nation - one of the world's most lawless - has killed more than 19,000 people in the past three years alone.) Al-Shabab's membership is estimated to number in the thousands...
...Today, with the peace process on the brink of collapse, East Jerusalem is becoming the central political battleground pitting Israel against both the Palestinians and Western governments hoping to salvage a two-state solution. That much is visible at the City of David. Although billboards in the area portray white gleaming Jewish faces in ancient and modern times, the City of David sits in the center of a predominantly Arab neighborhood, Silwan. Many people originally worked on the site as laborers, but the 40,000 Arab residents of Silwan have grown to resent the City of David...