Word: ministere
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Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from...
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...
The standoff between Prime Minister Benjamin Netanyahu and the Obama Administration concerns whether Israel can build in those parts of the city it captured in the war of 1967 - the Jewish state's claims to East Jerusalem are not internationally recognized, and building there is considered settlement activity by the...
Once seen as an American puppet, Iyad Allawi is the new Comeback Kid of Iraqi politics. The results of the general election announced Friday, March 26, show that Allawi's secular Iraqiya block has won 91 seats in the 325-seat Iraqi parliament - well short of a majority, but two...
It's far from certain that Allawi will get al-Maliki's job. State of Law and other blocs have already indicated they will contest the results and demand recounts. Even if the results announced today hold up to scrutiny, there's a chance al-Maliki will be able to...