Word: european
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...heavily invested in Europe if the country as a whole is not better integrated into continental regulatory structures. Specifically, its banking behemoths should not have been allowed to take on so much debt and currency risk without effective safeguards by the Icelandic government and agreed upon by the European Union. Hopefully, this financial meltdown will move the Nordic island closer to Europe and away from unsustainable growth philosophies. Along with the Nordic winter, Icelanders will now face a frozen economy: Those who shifted from fishing to finance will most likely have to return to the ancestral occupation.Pierpaolo Barbieri...
...surprising degree, China appears to still be listening. It's true that at a meeting in Beijing late last week of Asian and European leaders premier Wen Jiabao called for more global regulation of financial markets, but that's become conventional wisdom pretty much everywhere. "Few among Beijing policymakers are arguing to build more walls between China and the outside world when it comes to trade or financial markets," says one western diplomat who attended the ASEM meeting last week. Officials in Beijing are quick to point out that key policymakers at the Bank of China, the National Development...
...none of those efforts have yet helped boost global markets, where investor sentiment seems set. During an online chat Monday on the site of Spanish daily El Pais, the European Union's Economic and Monetary Affairs Commissioner Joaquin Almunia said he thought the uncertainty currently rattling markets could linger on for another year...
...difficult balancing act, but playwright Anne Washburn has impressively smudged that division, leaving an image of the fantastical nature of evil in its wake. Based on the trial of former Romanian dictators Nicolae and Elena Ceausescu and held together by a thick mixture of absurdity and Eastern European accents, the American Repertory Theatre’s world premiere of “The Communist Dracula Pageant” creates an image of madness that is both entertainingly and shockingly outlandish.The players will perform this unbelievable truth through Nov. 9. The audience is told near the beginning that...
...Several German and European commentators took Petzner's comments as confirmation of Haider's sexuality, though the party denied that his description should be taken in that way. Following the interviews, Petzner was passed over as parliamentary leader for the party. "Either he explains what was so special about his relationship with Haider, or he stops playing the role of successor and widow at the same time," blogged the editor of Austrian newspaper Die Presse, Michael Fleischhacker...