Word: europeanally
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...central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
Europe in Step? Michael Elliott's article "The Next Step" misunderstands the major issues that concern Britain, the Lisbon Treaty and membership of the European Union as a whole: the principles of sovereignty, democracy, transparency and accountability [Oct. 19]. Elliott refers to how convenient it would be for America, France and Germany if Britain, Poland and the Czech Republic "fall into line soon." That phrase should fill the people of Europe with dread. Democratic nations are a collection of people who are governed by those chosen to serve them. The majority of the people of Britain have no confidence...
...Your article about the European constitution and the anticipated resistance of the Conservative Party does not explain why this opposition exists. Quite simply, it is because a substantial proportion of the British people do not want to be in the E.U. The cause of this opposition lies in the increasing disempowerment of both the British individual and the British state. Moreover, the British taxpayer has to pay a very substantial amount of money to the E.U. each year, an organization that cannot, will not or dare not, tell us how it is all spent. Elliott makes the point that...
...novel follows Jacques Austerlitz, an architectural historian who sets out to uncover his origins and early childhood—a curious void in his memory—after suffering a mental breakdown. His journey leads him to confront the dark heart of European history. In this, his final novel, author W.G. Sebald synthesizes multiple literary genres: “Austerlitz” is at once autobiography, history, travelogue, and meditation. It’s publication in 2001—mere months before his death in a car accident—echoed the sentiment of closure, or the struggle for some...
...cannot be accused of discriminating against Christianity in particular. In 2005, the human-rights court upheld a then long-standing ban on headscarves in public buildings in Turkey, a law that has since been eased by the current ruling Muslim party. And of course, beyond the halls of its European institutions, the city of Strasbourg is also in the heart of the ever more secularized French Republic, where students are forbidden from wearing headscarves or any other religious symbol in public schools. To U.S. and U.K. sensibilities, this ban continues to seem as strange as crucifixes on the walls...