Word: frenched
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...coming. Interpreting EU treaties in such a way that allows rich member-countries to bail out poorer ones is a step toward integrated eurozone fiscal policy as it necessitates the coercion of the poorer countries’ fiscal policymakers. Although austere German inflation-hawks might disagree, any interventionist French politician-turned-economist would gladly proclaim that fiscal policy is inherently, and rightly, subject to political forces. Indeed, in that country, unlike in Germany and the U.S., elected politicians dictate what federal rate-setters ought to prioritize...
...serious motorbike crash in 1994, are on display at Paris' Fondation Cartier, along with videos, objects and installations, in the exhibition "Gosse de Peintre" (The Painter's Kid). The Centre Pompidou is also hosting a Kitano film and TV retrospective, and his memoir, Kitano par Kitano, written with French journalist Michel Temman, has just started gracing Parisian bookstores. (See the 100 best movies of all time...
...Russian President Dmitri Medvedev wound up a three-day state visit to Paris on Wednesday, he had to be pleased with the results. After all, he virtually cinched an unprecedented military deal, bagged a significant gas contract and watched his French host, President Nicolas Sarkozy, dismiss American and European misgivings about his embrace of Moscow by treating Medvedev like his newest best friend forever. There wasn't a whole lot for the Russian leader not to love...
...what's behind Sarkozy's Russophile display? Most observers agree that it marks a rapid acceleration of the pragmatism that has been steadily influencing French policy toward Moscow and that it's a signal that Paris is ready to interact with Russia without the usual qualifiers. Gone are Sarkozy's early promises to make a respect of human rights and democracy central to all French foreign relations. Also gone is Sarkozy's former mocking of realpolitik as a political cop-out of cynical diplomats without principles. France is now eager to work with Russia on common security and economic interests...
...doing that. But some observers think the naval deal is being used as bait by Sarkozy to secure France wider-ranging business deals with Russia. During Medvedev's Paris trip, for example, the Russian energy giant Gazprom signed a contract with Paris-based GDF Suez to give the French company a 9% stake in the Nord Stream natural-gas pipeline and up to 1.5 billion cubic meters of gas by 2015. Nord Stream had previously been exclusively a Russo-German affair - one of many deals that other European countries and companies had signed with Russia in recent years, leaving France...