Word: europeanizer
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...countries like Latvia, Hungary and Poland particularly hard. Eastern Europe's boom over the past few years was fueled in part by heavy borrowing from Western banks and easy access to foreign currency denominated loans. Now, with credit dried up, huge debt loads to pay and Eastern European currencies in free fall, the good times are truly over...
...University currently supports about 20 offices in 10 different countries including Argentina, Japan, and several Western European nations...
...lopsided statistic startled Russia. At the end of 2008, news reports said that 28% of all pending claims to the European Court of Human Rights (ECHR) had been brought by Russian citizens against the Russian Federation. While several elements contributed to the statistic (Russia's large population in proportion to the rest of Europe, for one), the chief factor was clear: Russians are unhappy with their own court system and don't believe they can get justice from it. Russian President Dmitri Medvedev, a lawyer himself, announced plans to reform the Russian justice system to stop the flow of complaints...
...immediate effect of the Yukos admission is that Russians will be encouraged to take even more of their beefs to the ECHR - even though it is no guarantee of getting what they see as their just deserts. "Russians have created this myth about the European Court of Human Rights," says Lev Ponomaryov, a leading human-rights activist, "that it is this ideal system that will resolve everyone's case, and compared to our system, it is perfect, which I think is partially true - but many do misuse it and file cases without exhausting legal means at home." According to Ponomaryov...
...takes place, and if the claimants win, then it's not just the shareholders who could benefit. "This could have a roll-on effect on the other former Yukos executives, such as Svetlana Bakhmina, Vasily Aleksanyan, Lebedev and, of course, Khodorkovsky, all of whom had placed complaints with the European Court of Human Rights," says Claire Davidson, a spokeswoman for Yukos. But there could be a much higher cost in Russia, where the local media are already speculating on how a $34 billion payout could cripple the economy. Others suggest that, with a judgment against it, Russia could sever...