Word: germanics
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...panicking yet. Jean-Michel Six, head of economic research at Standard & Poor's in London, reckons the dollar will fall to between $1.42 and $1.45 against the euro by mid-2007, but even at that level, "we do not expect any significant impact on overall growth" in Europe. German machinery companies are currently operating at over 90% of their potential capacity, the highest since 1990, and are thus well able to weather a weaker dollar, says Olaf Wortmann, an economist at the German Engineering Federation...
That door may be more difficult to prop open than Barroso realizes. Prominent politicians across Europe have been expressing a growing skepticism about Turkey's candidacy ever since talks began. Nicolas Sarkozy, French Interior Minister and presidential candidate, and German Chancellor Angela Merkel have both said they are against full E.U. membership. Harsher critics, such as Bavarian Governor Edmund Stoiber, have condemned Turkey's press restrictions and limited rights for minorities not as problems to be overcome, but as proof that Turkey is unsuitable for the European club. "Turkey is not a European state, and to admit its accession into...
...Though Tuesday's tone will no doubt disappoint some of his ardent conservative fans, Benedict was never going to use his first visit to a predominantly Muslim country as a rhetorical Act II to the Regensburg speech. There, in the confines of a German university, he questioned Islam's compatibility with reason, he cited the Koran's references to jihad, and he quoted a Byzantine emperor's rude remarks about Muhammed. In Turkey, if nothing else, Benedict followed the old rule that visiting world leaders don't wag their finger at their host country...
...prepared remarks in the Turkish capital - at first blush, at least - seemed so careful as to make one wonder if the famous hard-liner was going soft. After years of quietly, and then not-so-quietly, differentiating his approach to interfaith relations from Pope John Paul II's, the German Pope was sounding a lot like his predecessor. During Benedict's speech alongside Turkey's head of religious affairs Ali Bardakoglu, the Pope cited "mutual respect and esteem," "human and spiritual unity" and the common heritage of Islam and Christianity as ancestors of Abraham. In marked contrast to the nasty...
...economic imbalances and political disturbances which always give rise to tension and threaten every society." This "root-cause" exploration of conflict is much different than Regensburg's search at the heart of religion for the source of violence. It is also a very different tone than his meeting with German Muslims last year in Cologne, where he implored them to help weed out terrorists from their communities - without any mention of the difficulties facing those same immigrant communities...