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...German government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

Leftists described the election and its result as a referendum on the right's national leadership - a claim difficult for Sarkozy's government to deny, given that 20 Cabinet members (including eight full ministers) who ran in the polls were roundly defeated. "The President of the Republic, the government and its majority must take into account this thrashing defeat and recognize their failure," said 2007 Socialist presidential candidate Ségolène Royal, who triumphed in the Poitou-Charentes region. "The French people have spoken, and I believe they must be heard," echoed Socialist Party leader Martine Aubry. "Hearing...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

...cooking, Weitz said. His restaurant El Bulli is only open six months a year; he spends the other six researching culinary science in a lab in Barcelona. Weitz added that El Bulli is so popular that reservation applications are only accepted one day a year and it is more difficult to make a reservation at El Bulli than to get into Harvard...

Author: By Julie R. Barzilay, CRIMSON STAFF WRITER | Title: New Gen Ed Course Will Explore the Science of Cooking | 3/24/2010 | See Source »

...aging population. It will have to be modified, and modified again - and one hopes the Republicans, with their natural instinct for efficiency, will participate in that process. But, however flawed, the health care bill is a sign that major, concerted public reforms are once again possible, and that the difficult work of transforming America to compete successfully in a new world of challenges can now begin...

Author: /time Magazine | Title: Can Obama Keep Delivering on His Promise | 3/24/2010 | See Source »

...potential rival in France's 2012 presidential election.) Others, like French Finance Minister Christine Lagarde, have criticized Germany for making impossible demands on Athens by saying that E.U. support is only conceivable if Greece accepts draconian austerity measures that will shrink its economy further and make it more difficult to pay off its debts...

Author: /time Magazine | Title: Bailout Showdown: Greece and Germany Raise the Stakes | 3/24/2010 | See Source »

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