Word: euã
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...advocated for a bailout of Greece by the International Monetary Fund, as the stigma associated with such a bailout was well-deserved in this case. Additionally, members of the European Union should not have had to further surrender their political sovereignty to unelected bureaucrats in hopes of resolving the EU??s economic and fiscal difficulties, as the people of those states have time and again rejected further centralization...
According to Maier, even a little bit of help would go a long way in maintaining stability. He added that a failure to intervene in Greece’s lagging economy would be contrary to the EU??s commitment to aiding its less prosperous member states...
...world as “the European miracle,” a triumph for supranational organizations and international unity. Banded together in a monetary and trade-based union, the EU experienced rapidly rising living conditions and surprisingly harmonious relations. The last few months have shown, however, that the EU??s economic foundations were fundamentally flawed. Monetary and fiscal policy are deeply related, so a monetary union in which each subunit pursues its own fiscal policy is destined to fail. The best and most practical solution for the European Union is to pursue deeper political and fiscal integration, because...
...only remain a far-off prospect until Brussels finishes the accession processes of the more stable Balkan nations that are ready, or close to being ready, for membership. However, the bids of several countries in the region are becoming unnecessarily protracted, leading one to wonder whether the EU??s drive to incorporate the former Yugoslav states will ever be completed...
...order to avoid the danger zone. The secretary-general of the German tourist federation, Hans-Gustav Koch, claimed that in order to cope with the pirates, “We want escorts.” Both the U.S.’s diplomatic initiative at the UN and the EU??s military efforts will improve the security for transnational movements in the area. But that is not enough. The developed world must act to address not only the security concerns in the region, but also–and perhaps more importantly–the root of the problem...