Word: pacts
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...Sweden is expected to hit 1.4% this year, compared to 0.4% in recessionary Germany. Unemployment in Sweden is just 5.4%, almost half of the jobless total in Germany or France. And most ironic of all, nonmonetary member Sweden has met the deficit criteria of the Stability and Growth Pact designed to support the euro, while the biggest monetary members Germany and France have repeatedly flouted the pact's limits...
...Secretary of State Colin Powell has suggested the U.S. could provide some form of written assurance to satisfy North Korea's security concerns, although not a full- fledged non-aggression pact. But President Bush has repeatedly warned, even on the eve of the current talks, that Kim Jong Il cannot be trusted to keep agreements, and the White House came out in support of a speech by the arch-hawk Undersecretary of State for Non-Proliferation John Bolton that described Kim as a "tyrant" keeping his people imprisoned in a "living hell" and warned against giving in to Pyongyang...
...four additional parties attending the Beijing talks is a comprehensive deal that guarantees the dismantling of the North's nuclear program in exchange for guarantees that North Korea won't be attacked by the U.S. Pyongyang is insisting that this come in the form of a formal non-aggression pact with Washington, but that's a non-starter for the Bush Administration, not least because it would require Senate ratification. Instead, the U.S. may offer some written guarantee that falls short of treaty status, and indications from Moscow are that Russia and China may be willing to offer extra security...
...that is so mid-'90s! - to a record $455 billion deficit in just three years, with the likelihood of further borrowing next year. With the U.K. government having declared record holes in its public finances last week, why would anyone bother to observe that fusty old Growth and Stability Pact? Ian Stewart, chief European economist at Merrill Lynch, is even trying to tell Europeans they look good in red. Tax cuts in the U.S. might have gone too far, but euro-zone countries should feel free to give breaks of their own. "Governments should have some control over the economy...
...following the arrest by U.S. forces of ten Turkish commandos in northern Iraq ten days ago - the Pentagon is having to face the reality that many of the armies most competent to help in Iraq are simply unavailable. The addition of small numbers of troops from the old Warsaw Pact countries may ease some of the burden on U.S. forces in Iraq, but it's unlikely to allow the U.S. to draw down its own troop commitment there - to put it bluntly, it will take the combat power of the Americans, rather than the Latvians and Fijians, to wage...