Word: moreau
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...monetary union, the situation is grave indeed. "This is a very deep crisis for the euro and all of Europe because what we have is a terrible debt and deficit problem that virtually all European nations share and no collective structures to deal with any of it," says Philippe Moreau Defarge, a European affairs expert at the French Institute on International Relations. "Europe is being forced to recognize it isn't as rich or as well-organized as it thought, and faces several long, hard years of finding its way back to solid ground." (See "Greek Tragedy: Athens' Financial Woes...
Though worried about the underlying causes of the crisis - overspending by governments that led to spiraling budget deficits and public debts - Moreau Defarge believes member states will indeed take whatever efforts are required to save the euro. "There's nothing for any of them to go back to," he says. "This is the present and future they've chosen...
Then there's the fact that Britain has always stood apart from central E.U. policies such as the common currency. "The very candidacy of Mr. Blair is a slap in the face for Europe," says Philippe Moreau Defarges, European-affairs specialist for the French Institute of International Relations. "The U.K.'s habit of participating only in those E.U. projects it wants to be involved with" is a strike against a Blair presidency, he says. The Benelux countries - the Netherlands, Belgium and Luxembourg - feel the same...
...Washington appreciate the help or view it as an attempt at business gain from American military pain? "They don't have any choice, because the business world doesn't quibble with concerns of woulds, shoulds or oughts, but rather who gets the signature on the contract first," says Philippe Moreau Defarges, a senior fellow on international relations at the French Institute on Foreign Relations in Paris. "Tragically for America, meanwhile, now that stability and order is starting to be imposed, the Iraqi leadership is increasingly defining and evolving itself in opposition to what the U.S. wants or demands. That...
...final figure was Émile Moreau of the Banque de France. The others were bankers, but he was a civil servant. He was the mayor of his little town for 35 years, and that captures his character - a rural Frenchman, he could have come out of a novel by Flaubert. Insular, xenophobic, he refused to learn English and believed, somewhat justifiably, that international finance was an Anglo-Saxon conspiracy designed to exclude France...