Word: europeanized
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...Reining in the Banks At the World Economic Forum in Davos last January, some participants advocated radical measures to rein in banks, including regulating their operations so heavily that they would turn into low-risk utilities. No, said Jean-Claude Trichet, the president of the European Central Bank, that wouldn't solve the problem. What's needed, he argued, "are air bags, cushions and shock absorbers." Trichet has now detailed what he means. On Sept. 6, a group of central-bank governors and regulators from 27 countries that is chaired by Trichet published specific proposals that he said would...
...polite posturing of Germany's election campaign captures the mood in most European capitals at the moment. Both Chancellor Angela Merkel's center-right Christian Democrats and the center-left Social Democrats of Frank-Walter Steinmeier remain committed to Berlin's 4,000-strong troop deployment in Afghanistan as part of the multinational force there. But Die Linke, a smaller, left-wing party, has won support by campaigning on an immediate withdrawal, and as public support for the Afghanistan mission falls even the mainstream leaders are having to take notice. Steinmeier has recently hinted that he would pull troops...
...quick one, mind you. European leaders regularly argue that a hasty withdrawal would spell disaster for Afghanistan, neighboring Pakistan and for their own countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...
...equivalent among those safe at home - is inevitable, especially after eight years fighting the same war. Things might be different if people had a sense that Afghanistan was making progress. Instead, this summer saw an escalation in violence and a steady stream of fatalities. The number of European soldiers lost - 35 Germans, 31 French, 15 Italians - may not be big in comparison to the 830 Americans killed. But as a proportion of numbers deployed, casualties have been significant. An incident like that in August last year, when 10 French soldiers were killed in a single Taliban attack, has a profound...
NATO Secretary-General Anders Fogh Rasmussen, who supports Obama's call for more European troops in Afghanistan, says it's important to tell the "true stories of what's going on. Both the setbacks and the achievements." As Prime Minister of Denmark until last April, Rasmussen went out of his way to explain the reasons Danish troops were in Afghanistan. As a consequence, he says, support for the mission has held up better in Denmark than elsewhere. The British might learn a lesson from that. Gordon Brown has frequently tried to explain the Afghanistan mission. But David Davis, a prominent...