Word: french
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...Less than 24 hours after unveiling France's $488 billion rescue plan earlier this week, for example, French President Nicolas Sarkozy met with the heads of the nation's top banks to urge them to extend loans to creditworthy business and households "without delay or additional constraints." Sarkozy pointedly reminded bank presidents that freeing up such funds - a basic necessity for business development and economic growth - was one of the main reasons governments around the globe have pledged trillions of dollars in tax payer money to rescue the financial system in the first place...
From zero to hero, Brown now basks in international acclaim. A French newspaper dubbed the British pol "the resuscitated magician," and Paul Krugman, the freshly minted Nobel economics laureate, said Brown "may have shown us the way through this crisis...
...Parisian restaurant beloved by tourists and locals alike. But these days - with the euro still relatively strong and economies seizing up around the globe - the foreign visitors that typically make up a third of Bonduel's clientele have been thinning out and spending less. To make matters worse, many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the church of St. Sulpice in Paris' tony sixth arrondissement - are also eating and drinking less than usual. "I've checked the accounts," says Bonduel, "and I know I'll make no profit this month...
...preside over periods when capitalism was saved from itself,” Summers said. “This is our challenge today.” CAPITALISM IN DANGER?A panel moderated by Business School professor Michael E. Porter further explored the difficulties currently facing capitalism.Thierry J. Breton, the former French minister of economy, finance, and industry, emphasized the importance of understanding why there exists widespread discontent with capitalism.“We want a better life for ourselves and for our children. That is what capitalism is all about,” Breton said. “People want healthcare...
...impact of a few hundred fans booing and whistling during the playing of La Marseillaise, traditional before an international match, could be measured by the outpouring of rage from scandalized French politicians. They were falling over one another to express outrage and find effective sanctions against those responsible, and deterrence against any recurrence. Ironically, it took the politicians longer to give coherent expression to their anger over the greed-driven global financial crisis than it did to excoriate some rambunctious soccer fans...