Word: europeanizer
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...European Union (EU), the “sick man” of the contemporary global economy, should in 2006 abandon the outdated orthodoxy that has come to define its growth strategy and reclaim its economic sovereignty. It should do so by trading dogmatism for the realistic use of its powerful monetary and fiscal instruments. In brief, the EU should become more American. Conversely, the U.S. would be far better off if it focused on a disciplined economic policy in order to curb the abysmal “twin” deficits in its fiscal and trade accounts...
...last five years, the Euro area, comprised of the 12 EU countries that have shared a common currency since 1999, has been incomprehensibly ruled (by the “stability and growth pact” and the European Central Bank (ECB)) like a collection of competing small economies, open to trade and investments but closed to macroeconomic stabilization and increasingly resorting to tax and social competition. The result has not only been slow regional growth and persistent unemployment but also growing divergence among member states and rising political tensions. The ECB, the most unaccountable central bank in the world...
...Americanization of European economic policies and Europeanization of American economic policies could close the two enduring and threatening gaps: the US savings gap and the EU growth gap. Imagine a world where Europe would grow thanks to the exercise of counter-cyclical macroeconomic tools and America would save through the wise restraint thereof...
...really need religions. Perhaps what we need is a humane education. Ibrahim Musa Kuala Lumpur I am very frustrated with the way Pakistanis are protesting against the cartoons. No one has a right to burn someone else's property. Some people are urging the boycott of all products from European countries. Do any of those means of protest actually accomplish anything? The real solution would be not boycotting products but producing them in the first place. Just imagine if Pakistan were supplying medicines to Scandinavian countries and could withhold the supplies in protest. Muslims must become independent of Europe...
...Diamond’s popular books, “Guns, Germs, and Steel: The Fates of Human Societies” and “Collapse: How Civilizations Choose to Fail or Succeed,” have posited similar claims. According to Diamond, the historical dominance of Eurasian and particularly European cultures has nothing to do with any questions of personality or intellectual capacity, as historians had once asserted. Instead, he proposes a model of human social evolution that sees European cultures as the winners of a geographical lottery that gave them the tools and environment to dominate other, less luckily...