Word: europeanate
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...push for an international summit to that end, and on Monday world markets seemed to endorse the initiative with a positive fillip. Though the specific goals, attendees, and even exact date and venue of such a meeting have yet to be determined, the mere agreement by U.S. and European leaders to update the Bretton Woods system - which has overseen international finance for the past 64 years - reaffirmed hopes that a collective, long-term approach to the worst economic crisis since the Great Depression...
...Alongside European Commission President José Manuel Barroso, Bush and Sarkozy called world leaders to join them at a monumental summit meeting in a U.S. city - probably at the United Nations in New York - shortly after the Nov. 4 U.S. presidential election. Following their huddle at Camp David Saturday, the trio issued a statement saying the extraordinary international congress would "review progress being made to address the current crisis and to seek agreement on principles of reform needed to avoid a repetition and assure global prosperity in the future...
...decline or even recession in the U.S. and world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook was simply confused, as European indices generally finished higher, the Dow slumped 1.4%, and Asia's national markets featured both gains and losses...
Moskalenko is a very high-profile target. She has won 27 cases against Russian authorities before the European Court of Human Rights in Strasbourg and has some 100 more pending. Moskalenko represents the jailed former Yukos CEO Mikhail Khodorkovsky and the former world chess champion Garry Kasparov, now an opposition leader. Moskalenko also represented the journalist Anna Politkovskaya, who was shot to death two years ago as she was entering her house in downtown Moscow. Moskalenko now represents Politkovskaya's family. Moskalenko discovered the poison just as she was set to travel to Moscow to take part in pretrial hearings...
...recent crisis provides an example of the dangers: as some foreign governments provided blanket guarantees for their deposits, money started to move to what looked like safe havens. Other countries had to respond. A few European governments have been far more thoughtful than the U.S. in figuring out what needs to be done. Even before the crisis turned global, French President Nicolas Sarkozy, in his address to the U.N. last month, called for a world summit to lay the foundations for more state regulation to replace the current laissez-faire approach. We may be at a new "Bretton Woods moment...