Word: europeã
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...ascended to the Spanish throne in 1598, he was 19 years old and uninterested in the responsibilities of a monarch. His friend the Duke of Lerma–the court’s preeminent tastemaker as well as the most important non-royal art collector in Europe??took over matters of state, while Philip squandered vast sums of money on lavish fiestas and foreign wars. The King and the Duke shared a mutual devotion to art that ushered in a dynamic period in Spanish painting, now featured in an outstanding new exhibit at Boston?...
...Soon enough, three of Europe??s largest economies may be lobbying the ECB to effectively behave more like the American Federal Reserve. After all, since the beginning of the write-down debacle in Wall Street, renowned Great Depression scholar and Fed Chairman Ben S. Bernanke ’75 has strongly favored loose economic policy (and a weaker dollar) to mitigate any economic downturn. Interest rate cuts have grabbed most headlines, but more money floating around will inevitably translate into higher inflation. It is only a matter of time...
...John Maynard Keynes once famously remarked, “In the long run, we are all dead.” And as with almost everything else he said, he was right. At these crossroads, however, Europe??s long-term and short-term goals are aligned: It should stick to its responsible monetary polices and avoid inflation in order to protect the purchasing power of most Europeans. Especially in the context of Fed moves, if the ECB gives in to irresponsible and demagogic politicians, Europe will eventually suffer not only from higher unemployment, but also from higher price levels...
...still struggling, the EU can now effectively handle European economic affairs, as its success so far proves. The only function NATO serves that the EU cannot is the direct inclusion of the U.S. in European affairs. Although the U.S.’s interests are currently in line with Europe??s, this will not necessarily always be the case. The U.S. is a useful ally for Europe now, but its military dependence on the U.S. places it permanently under U.S. influence. If NATO is dissolved, European states will have to increase the size of their militaries, which they...
...today. Hitler intended for the Berlin Olympics to vindicate Germany as a nation of peace and tolerance. The Nazi government softened its racist campaign, removing anti-Semitic posters from tourist attractions. The American Olympic committee, reluctant to mix politics and sport, decided to send a team to the games. Europe??s democracies followed America’s lead. The games went on, and Hitler was lauded for their success. The world in 1936 thus condoned the Nazi regime, just as we condone China’s abusive government today...