Word: leonards
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...Leonard Davis...
...Leonard Davis...
...Some analysts questioned the steep price Allianz is paying for Dresdner, a 40% premium over the bank's recent share price, but the consensus was that the deal will probably go through. "I think for Dresdner it's a fair price and a graceful exit," says John Leonard, a banking analyst at Salomon Smith Barney in London. The merged company has decided to finesse the problem of what to do with the profitable Dresdner Kleinwort Wasserstein investment bank. DKW will be floated on the stock market in about three years as an independent entity, but with Allianz keeping a majority...
...entirely approve, but most 21- to 35-year-olds expect federal bodies to hold more power than national legislatures within 10 years. So for them, the argument is already settled. "For this younger generation, the E.U. is something taken for granted and not a cause," says Mark Leonard, 26, the director of the Foreign Policy Centre, a London think tank. "Our parents' generation experienced Europe pulling itself to pieces and lived with the constant threat of war. Now you don't need to focus on why the E.U. was set up in the first place...
...protect the components of it: safe streets, clean water, fresh air. Those also happen to be the kind of social problems that are best tackled on a supranational level. "European institutions have to show that they can deal with the challenges that are bigger than individual countries," says Mark Leonard. "But they also have to be seen to embody the exciting things about European identity...