Word: europeanizer
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Throwing a lifeline to Europe's rapidly sinking economy, the European Central Bank today announced the deepest interest rate cut in its 10-year history, a clear sign that it has made rescuing the economy its top priority...
Will the ECB begin to act more like the U.S. Federal Reserve and cut fast and deep? While it has flooded European markets with cash in recent months in an effort to revive the interbank lending market, it has not engaged in the purchase of assets from banks like the Fed. Trichet said the ECB has the power to do so, but is not showing his hand...
...hard to imagine the ECB pushing the quantitative easing boat as far into uncharted waters as the Fed has already done," said David Mackie, head of Western European economic research at JP Morgan, in a note to clients...
...bulk of the funding for Noel Kempff. "It's not just about the greenhouse gases, but the habitat preservation and the watershed enhancement," says Diane Fitzgerald, AEP's managing director of environment and safety. But as long as avoided deforestation isn't recognized by the Kyoto Protocol or the European Union's greenhouse gas-trading system (the two main mandatory programs in the world) there is a limit to how useful it can be for companies that need credits to meet a carbon cap. AEP plans to take its credits to the Chicago Climate Exchange, a voluntary U.S. trading system...
...Vatican will oppose a proposed U.N. declaration calling for an end to discrimination against homosexuals. At first blush, no one should be surprised to find the Catholic Church hierarchy butting heads with gay rights activists. But this particular French-sponsored proposal, which has the backing of all 27 European Union countries, calls for an end to the practice of criminalizing and punishing people for their sexual orientation. Most dramatically, in some countries, including Iran and Saudi Arabia, homosexuality can be punished by death...