Word: commonnesses
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...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...
...Which still leaves the problem of how to address the broader crisis now that the country-by-country approach appears to be failing. Gros recommends a common European scheme to shore up capital of distressed banks and the establishment of a "clear center of joint responsibility for the supervision and liquidity support of cross-border European banks," which he says should be housed in the European Central Bank. (At present, the chief tool available to the ECB is lowering interest rates...
...between Saturday's rhetoric and Monday's reckoning was amply visible in advance. For all the brave-sounding statements about a common response at French President Nicolas Sarkozy's conclave on Saturday, he and Merkel, along with Prime Ministers Gordon Brown of Britain and Silvio Berlusconi of Italy, couldn't agree on substantial international measures to shore up Europe's beleaguered financial markets; they in fact had little standing to do so. By Sunday, the national governments in the 27-member E.U., including the 15 that use the euro currency, all seemed concerned first and foremost with the conditions...
...reluctant to put single mothers in starring or prominent roles. After four years of struggling, Choi's career had begun to pick up when her body was found in her bathroom in southern Seoul. She apparently hanged herself with a rope made of medical bandages. (Hanging is the most common form of suicide in South Korea, where gun ownership is illegal.) Her suicide has gripped the nation, dominating headlines as authorities, relatives and even the government try to determine what went wrong...
Whatever the motivation for her suicide, the actress's death has raised fears about a ripple effect. Korea has had the highest rate of suicide among the world's industrialized countries for the past five years. Policy makers and the general public readily admit that mental illness - even a common disorder like depression - is rarely talked about openly in the country. "Koreans are very secretive about psychiatric problems," says Lee Myung Soo, a psychiatrist at the Seoul Metropolitan Mental Health Centre who agrees that one of the main reasons that people won't talk about it here is fear...