Word: continentally
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But scary conditions elsewhere hardly drew attention away from the underlying weakness in Europe's own supervision of its financial institutions. Most of the continent is conjoined into a political union of 27 countries, 15 of which use the euro under the monetary authority of the European Central Bank. But...
Germany's refusal to sign on to a Continent-wide bailout plan was no less necessary, says Schmidt. Such a plan would have triggered a backlash in Germany against the E.U., egged on by the ready arguments of the anti-Europe German press that Germans were paying to bail out...
"According to this comprehensive analysis, progress is being made across the continent against a range of key governance indicators," the foundations annual survey reported. Indeed, some of Africa's brightest hopes are those that until recently had been some of its most depressing stories. Several of the continent's fastest...
More evidence of Africa turning the corner came Monday, in the form of the Mo Ibrahim Foundation's finding that governance is improving in 31 out of 48 sub-Saharan African countries. Even more astonishing, the measure of good governance showing most improvement, on a continent notorious for tyrants and...
Although the idea of an African renaissance of good governance and economic development had been championed by the likes of South Africa's former President Thabo Mbeki and other veterans of the struggle to end white rule on the continent, Farhan argues that it's precisely because the liberation-era...