Word: chancellor
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
This institutional problem pales beside the political one: when crisis strikes, Europe almost never acts like a true union. After French President Nicolas Sarkozy summoned the leaders of Britain, Germany and Italy to Paris on Oct. 4, German Chancellor Angela Merkel coolly torpedoed his proposed $409 billion Europe-wide financial rescue plan. No money for the greedy fools of other lands, she seemed to say, only to then guarantee German private bank accounts and save Hypo Real Estate. That followed similar moves by Ireland and Greece. And Britain's Gordon Brown will always be loath to see Brussels...
...Patten, the chancellor of Oxford University and Britain's last Governor of Hong Kong, sets out to explore how nation states can "do more together rather than less." Through entertaining and wide-ranging discussions of terrorism, the threat of biological, chemical and nuclear weapons, migration, drug-trafficking, diseases, energy and climate change, Patten sees enough opportunities for cooperation to remain an optimist. The former European Commissioner for External Relations is an unashamed liberal internationalist, happy to call antiglobalization activists hypocrites. But he also recognizes the severe damage American adventurism has done to Washington's image over the past few years...
...That was one reason so many Americans regarded Hank Paulson's bailout plan with skepticism. And it's why Britain's Prime Minister Gordon Brown and his Chancellor, Alistair Darling, did not want to dwell Wednesday morning on how Britain's banking sector had got into such a parlous state that the government was compelled to spend up to $88 billion in taxpayers' money to secure it. Their emergency rescue plan was hatched over weeks but finalized in such a hurry that bleary officials labored overnight to finish it before the skittish markets opened. At a morning press conference, both...
...European governments can certainly talk the talk of coordination. Following a meeting with Italian Prime Minister Silvio Berlusconi in Berlin yesterday, German Chancellor Angela Merkel said, "We both agree that Europeans of course need to display a coherent course of action." President Nicolas Sarkozy of France, which currently holds the rotating E.U. presidency, read on television a common statement from all 27 members pledging to adopt "all necessary measures to protect the stability of the financial system...
...beyond that, there appeared little movement toward international coordination. On Monday Germany reaffirmed its determination not to participate in France's plan for a Europe-wide bank bailout plan, modeled on the U.S.'s $700 billion effort. Without Germany's participation, no such plan can proceed. "The Chancellor and I reject a European shield," German Social Democrat Finance Minister Peer Steinbruck told German radio on Monday in reference to the plan, "because we as Germans do not want to pay into a big pot where we do not have control and where we do not know where German money might...