Word: europeanate
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Given the political climate, European Union leaders on Sept. 17 vowed to take action on what French President Nicolas Sarkozy calls "the scandal" of bank bonuses. They agreed in Brussels to seek binding rules on the allocation of bonuses, sending a strong message to U.S. President Barack Obama and the G-20 leaders who are meeting in Pittsburgh, Pa., on Sept. 24 and 25 that they are serious about cracking down on profligate spending by financial institutions. (See pictures of the global financial crisis...
Getting E.U. endorsement presents a herculean challenge because the Union makes decisions on a consensus basis that effectively gives any one of its 27 member states a veto. And one senior European diplomat points out that some E.U. member states are domestically constrained from imposing sanctions except those that have been authorized by U.N. resolutions. That means that a Russian or Chinese veto of new sanctions measures at the Security Council could actually prevent Germany from signing on. And Russia is hardly looking flexible. Foreign Minister Lavrov reiterated Russia's opposition to new sanctions Sept. 17, even after...
...screws on the Islamic Republic when the U.N. General Assembly convenes next week in New York City. But if the reluctance of Beijing and Moscow to back new sanctions was expected, support may also be waning in at least one quarter on which the U.S. had been counting: European and American sources tell TIME that Germany is unlikely to support tougher sanctions unless those have the backing of the entire European Union, dramatically complicating President Barack Obama's diplomatic challenge. (Read "Obama's Tough Choice on Iran...
...prefer unanimity, England and France have previously been willing to adopt new measures against Tehran without full E.U. agreement; Germany has resisted. Once again on the latest effort against Iran, Germany has indicated that it is unlikely to support new sanctions without the rest of the E.U., according to European and American sources...
...wide-ranging interview with TIME, Abdullah rejected all talk of compromise over the disputed poll. Unofficial results give Karzai 54.6% of the vote and Abdullah just 27.8%. But European observers say that at least 1.5 million ballots - more than one-third of the total - may have been fraudulent. If, as opponents and foreign observers allege, most of the tainted ballots turn out to be for Karzai, that could drop the President below the 50% mark. "The international community has to ask itself: Will it tolerate this massive fraud?" Abdullah asks...