Word: newes
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...International Monetary Fund. Margaret Thatcher's Conservatives took power in 1979 and went on to abolish exchange controls, cut taxes and engineer the 1986 deregulation of financial markets, known as Big Bang, restoring London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member of Brown's Cabinet, said Labour was "intensely relaxed about people getting filthy rich...
...Europe have smashed the perception that predatory priests are an American anomaly. Hundreds of accusations, from Ireland and now mainland Europe, have thrust the Vatican into the grip of its greatest crisis since the 2002 revelations of abuse in the U.S. The church's standing is falling to new lows among believers in its European heartland. Sensing the growing public alarm, some within the clergy are pushing for profound institutional and ecclesiastical changes, including an end to the priesthood's fundamental tenet of celibacy...
...which we argued that "if Europe wants to become a global power to rival the U.S. and China then it needs to stop acting like a collection of rich, insular states and start fighting for its beliefs." Simon Robinson's story, accompanied by an interview with Europe's new Foreign Minister Catherine Ashton and an impassioned column by Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy in Singapore, prompted readers and European leaders alike to write. Some thought our assessment was spot on, plenty that we had got it all wrong. To encourage further debate...
Furthermore, Europe is criticized for being too preoccupied with itself. True, several years of public debate over the Lisbon Treaty might be interpreted as institutional navel-gazing. But have a broader look at the facts: over the last 15 years, the E.U. has taken on board 15 new members, doubling its size without compromising on its strict accession criteria. This required massive transfers of wealth and a high degree of solidarity...
...also refined its giant single market, created a new world currency, and introduced elements of a common foreign policy under the leadership of Javier Solana. We are not only the strongest economic union in the world but also the main source of aid for developing countries. Thus, the criticism that Europe is too preoccupied with itself is both shallow and unfair. On the contrary, Europeans are busy creating a model that is internationally relevant, especially for Asian countries and groupings. Some, such as ASEAN, are watching the European experiment very closely. (Read: "Europe's Errors" by Kishore Mahbubani...