Word: european
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...they're talking, it sounds as if many European leaders don't want to give their American peers much choice in the matter. German host Chancellor Angela Merkel said the group-France, Italy, Britain, Luxembourg, Spain, the Netherlands and Czech Republic-had agreed to measures they will insist be adopted at the G20 meeting in London in early April. "All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action...
Sometimes it's not just what is said that counts, but the way it is said. And if tone is anything to go by, the leaders of the European Union's largest economies are dead serious about cleaning up global finance markets. On Sunday, officials from eight E.U. countries wound up an economic summit in Berlin calling for tougher regulations on international financial markets-including secretive hedge funds and the tax havens they often rely on to do business. The question is: will the U.S., the biggest financial player in the world, ever agree to the binding international regulation...
...Tragically for America, meanwhile, now that stability and order is starting to be imposed, the Iraqi leadership is increasingly defining and evolving itself in opposition to what the U.S. wants or demands. That's unfair, given the military sacrifice America has made, but it will be a boon to European diplomats and businesspeople over time...
...European firms don't exactly need Sarkozy's invitation to get to know Iraqi officials. Earlier this year, France's Total and the Anglo-Dutch firm Royal Dutch Shell began talks with Iraqi authorities about developing five new oil fields in the north and south of the country. (U.S. rivals Chevron and ExxonMobil are also after that business.) European chemical, engineering and construction companies and arms producers would also like to re-establish ties that were severed by the international embargo of Iraq before the war. British and Italian firms, meanwhile, long to kick-start contracts they had from...
...minute telephone conversation with U.S. Jewish leaders Thursday, Mitchell reportedly expressed support for a unity government involving both the impotent Palestinian Authority and Hamas. Though the U.S. will adhere to the four conditions for talking to Hamas that Clinton laid out in her confirmation hearing, the move allows European and Arab diplomats to try and bridge the divide between the Palestinian factions...