Word: globality
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...quite how much of a basket case Britain has become. "Although the economy is now growing, recovery is still in its early stages and remains very fragile," Brown said in a March 10 speech in the City. Labour says the recovery is due to the government's lead in global efforts to stabilize the banking system and its $30 billion of fiscal stimulus and argues that stimulus spending must continue. Conservatives, however, propose swifter action to reduce Britain's borrowing. That view has been bolstered over recent weeks with the world's three biggest credit-rating agencies raising concerns that...
Brown bears some of the responsibility for the economic mess: he was Chancellor of the Exchequer under Blair and has been Prime Minister since 2007. But he has deflected blame to global pressures and has made political hay of his rival's lack of experience. "This is no time for a novice," declared Brown in September 2008 as the global financial crisis gathered pace. A Conservative poll lead of 20 points has eroded to the narrowest of margins, not least on fears of the youthful opposition team's collective inexperience. There's another factor that counts against them: the Conservatives...
Three weeks ago TIME published a story titled "The Incredible Shrinking Europe" in which we argued that "if Europe wants to become a global power to rival the U.S. and China then it needs to stop acting like a collection of rich, insular states and start fighting for its beliefs." Simon Robinson's story, accompanied by an interview with Europe's new Foreign Minister Catherine Ashton and an impassioned column by Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy in Singapore, prompted readers and European leaders alike to write. Some thought our assessment was spot...
...been properly appraised by Asia. While Asia is trying to improve relations and contacts with the U.S., Mahbubani asks Europeans to think the "unthinkable - the transatlantic partnership may come to an end." Why should Europe give up a functioning partnership with an essential partner and friend on the global scene? Just like many Asians, Europeans dislike the idea of an all-powerful G-2. We seek intensified cooperation with America but also with Asia, the Middle East, Russia and the Mediterranean region precisely because we believe in a multipolar rather than a bipolar "G-2 world." (Read: "The Lessons...
Istvan Nagy, Wasselonne, France You are perfectly right criticizing the lack of European ambition to become a global player. The reason: Europe is not a bloc, and every country is jealously observing its own interests...