Word: pact
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...simultaneous applause and admonition reflect the paradoxical role of the European Commission. Often described as the engine of European integration, the Commission also is responsible for disciplining individual member states that violate E.U. rules. The rules in question are part of Europe's Stability and Growth Pact set up in 1997 amid German concerns over budgetary discipline in countries about to join the euro zone. Designed to discourage governments from destabilizing the euro zone by borrowing too much, the rules limit national deficits to no more than 3% of gross domestic product. Countries that go over that limit can face...
...fair, the Stability and Growth Pact's credibility was straining long before the downturn. Most E.U. member states have run budget deficits beyond the 3% ceiling from time to time, while many have breached the pact's other main criterion: that national debt stay below 60% of GDP. Germany, the pact's main proponent, has been one of the most consistent abusers of the budgetary rules. In 2002, then president of the European Commission Romano Prodi even described the rules as "stupid...
...would implement a form of Islamic law in northwest Pakistan. The ruling will cover the Malakand region, which includes the Swat Valley, a onetime tourist spot and now home base for Taliban forces. While militants have agreed to a 10-day cease-fire, critics of the deal labeled the pact a dangerous concession to violent religious extremists...
Although China has not signed an official nuclear agreement similar to the civilian nuclear pact between the U.S. and India, it has invested heavily in the construction of several nuclear power plants in Pakistan. Unlike its relationship with the U.S, Pakistan's agreements with China seldom came with conditions. "The U.S. hasn't offered to support nuclear projects with Pakistan, so we go to China where we know we are always very warmly welcomed," says Muhammad Saleem Mazhar, director of the Center for South Asian Studies at the University of Punjab in Lahore. Various Chinese-funded projects are also currently...
...outside of designated beaches and Primal Scream, the mass of unclothed bodies is initially shocking. “Rotimi Fani-Kayode (1955-1989)” may be galvanizing, but it is not content with merely assaulting the viewer’s expectations; instead, it seeks to form a pact with the viewer. For his part, Fani-Kayode exposes his deepest struggles on celluloid. The viewer must fulfill his end of the bargain by keeping an open mind to the content of the photographs; otherwise, he cannot relate meaningfully to the ideas Fani-Kayode presents.Fani-Kayode understood that his audiences...