Word: europeanate
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...bailout plan also presents an opportunity to improve several conditions within the European Union. The European Union allowed many Eastern European countries to amass unsustainable levels of debt in order to create a sense of prosperity—an act that has compounded the negative impacts of the current crisis. A bailout plan would generate more stringent economic regulations and could be used to promote unification of the national fiscal policies within Europe...
...Furthermore, the partnership created in uniting to survive this crisis would likely increase social capital and improve relations between Eastern and Western Europeans. When the newly accepted Eastern European countries first joined the EU, Western Europeans initially reacted with hostility to the wave of immigrants that entered their society. Persistent unison and a shared economic venture may well reduce such antagonism...
...Reality mandates that, even if the Western European countries dedicate maximum available effort and resources to support Eastern nations, there will still be a shortage of funds and instability will endure. Both Eastern and Western European countries should appeal to outside sources of aid and attempt to garner increased assistance from institutions such as the IMF. Only with a combined effort does the European Union have the credible means to pull through the economic crisis...
...troubled conditions, countries have a natural impulse to turn inward and focus on their own problems. However, the member states of the European Union are not isolated nations, but part of a larger political cooperation. Both for egotistic reasons and for the long-term well being of the EU, Western European countries must lend their support to Eastern European nations and attempt to retain a unified Europe...
...Russia undermine ties with Georgia and the Ukraine? How heavily will Obama’s administration prioritize aid to Africa? Will he get anywhere on the road map to a Middle East peace? Will cooperation over the financial crisis suffice to effect a real rapprochement with our traditional Western European allies? Yet, in the long run, the most important question in American foreign policy remains what level of engagement we will seek with China. And, as Hillary Clinton’s recent trip to Asia demonstrates, the most worthwhile strategy for pursuing Sino-American cooperation is teamwork on climate change...