Word: lefts
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...Convincing every major economy of the virtues of a bank tax, though, remains the biggest challenge. Canadian Finance Minister Jim Flaherty, for instance, rejected a bank tax out of hand earlier this month, favoring instead a wider implementation of some of the tough rules that left his country's banks relatively unscathed by the crisis. But the publication next month of the International Monetary Fund's recommendations on bank taxes - a report commissioned by the G-20 countries last year - might help coax reluctant nations into considering the measure. "Some countries feel they did their homework," says Arturo De Frias...
...with the Obama Administration over the Israeli-Palestinian peace process. Having twice delayed his departure as his team negotiated with U.S. officials over a set of confidence-building measures that Israel would offer the Palestinian leadership in order to coax them into talks being orchestrated by Washington, Netanyahu finally left town Wednesday night with no accord. Officials from the two sides are to continue negotiating on the issue in the coming days. Netanyahu's visit, if anything, reinforced the idea that the current Israeli government is at odds with the U.S. over the question of settlements, East Jerusalem...
...second round of voting handed a coalition of leftist parties - headed by Socialists and green groups - control of 21 of France's 22 regions. The eastern region of Alsace was the only one captured by Sarkozy's Union for a Popular Movement (UMP). The cumulative national tally saw the left win nearly 54% of the vote, compared to just 35% for the UMP. (See pictures of Bastille Day celebrations...
...after the disastrous results of the first round on March 14. Rather than tweak the right's message, Sarkozy focused on a get-out-the-vote push to urge conservatives to go to the polls, a move that helped to slightly increase voter turnout but failed to prevent the left's landslide win. Now Sarkozy may have to accept a change of tactics. Says Stéphane Rozès, president of the Paris-based Cap political consultancy: "The question [voters are] asking isn't about whether conservative policies and reform in France is what they want - they're wondering...
...right - a split between Sarkozy and conservative legislators who have publicly challenged the President's moves over the past year and increasingly see him as ideologically inconsistent. The biggest complaint has been Sarkozy's "opening" policy of extending Cabinet positions and élite administrative appointments to officials on the left. The President says he is trying to take a bipartisan approach, but right-wingers grouse that he is giving opponents spots they want for themselves. Conservatives have also resisted Sarkozy's ecology-minded tax on carbon emissions and his radical reform of local governing bodies...