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...that could be determined by just how bad the region's economies get. "We've already seen the rescue of finance sectors bleed into industries like automakers and construction at an extremely rapid rate - one that's accelerating further as frightened publics demand protection from national leaders," says Karel Lannoo, CEO of the Centre for European Policy Studies in Brussels. "This is undermining something the world learned in the past two decades, and a lesson the European Union learned in particular: everyone benefits when you decrease the boundaries and divisions in international markets and trade to a minimum, and allow...

Author: /time Magazine | Title: Protectionism on the Rise in Europe? | 2/4/2009 | See Source »

...Based on what we're hearing about the package, it not only involves very little funding beyond what was already in the pipes, but at 1% of GNP, it represents a very timid response to recession," says Karel Lannoo, an economic expert and chief executive officer of the Center for European Policy Studies in Brussels. "By contrast, the $2 trillion to $2.2 trillion used to keep Europe's financial sector from collapsing represents around 17% of E.U. GNP. That, too, was promised by national governments but was the result of more coordinated and better funded reaction to crisis...

Author: /time Magazine | Title: As Obama Pushes a Stimulus, Europe Lags Behind | 11/25/2008 | See Source »

...Karel Lannoo, chief executive officer of the Center for European Policy Studies in Brussels, thinks the European Union's "collective structures and recent history of harmonization" leave it well-placed to come up with coordinated national rules - or eventually even common regulation - for financial markets. Yet he says spotty bank balance sheets were just as evident and untreated in Europe as the were in the U.S. until the crisis hit. "Europe, like America, decided it was easier to assume the sun would keep shining and the grass would remain green," Lannoo says...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

...called the Wild Bunch; he looms over his lads with a vulture's hunched avidity, and his intimidating stare lasers right through his Ray-Bans. Lenny's been trying to close a real estate deal with one of the new kids on the block, a Russian tough named Uri (Karel Roden). But people keep stealing the multimillion-pound swag. The culprits happen to be a couple of Lenny's enforcers, One Two (Gerard Butler, of 300) and Mumbles (Idris Elba), working on tips One Two gets from Stella (Thandie Newton), a silky lawyer of no fixed ethical abode...

Author: /time Magazine | Title: Thug Chic: Guy Ritchie's RockNRolla | 10/8/2008 | See Source »

Moscow lobbed the verbal missile toward Washington after Secretary of State Condoleezza Rice and her Czech counterpart, Karel Schwarzenberg, signed an agreement in Prague for the radar's move, which the U.S. says is designed to warn of missiles headed toward Europe from Iran. "We face with the Iranians, and so do our allies and friends, a growing missile threat that is growing ever longer and ever deeper and where the Iranian appetite for nuclear technology to this point is still unchecked," Rice said after inking the pact. "It's hard for me to believe that an American President...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

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