Word: reformer
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...this was precisely the rationale of the monetary unification gamble—the Euro area is a single large economy, and, as such, needs proactive and cooperative macroeconomic policy of both the fiscal and monetary variety if it is to survive and prosper. The most urgent structural reform the EU needs is not to scale back its welfare state but rather to upgrade its Keynesian arsenal...
This deceptive façade of stability places the burden of action on the EU, because the U.S. feels only limited pressure to reform; the EU should be the prime mover in any transatlantic economic revival, acting quickly to fully realize its growth potential by coordinating a macroeconomic push to give some domestic substance to its fragile export-led recovery. Then the U.S., partially relieved from its role in the last fifteen years as the only industrialised world growth engine, could concentrate a much-needed attention on reducing its deficits. And the world would live as one?...
...corruption in the nation's capital may not be a partisan issue at all, at least as far as the voters see it, and that fact alone may help slow down any momentum for far-reaching reforms. Polls show voters so far don't think there is much difference between the two parties when it comes to ethics; they simply assume both parties are equally close to lobbyists and interests groups. And while Democrats in the Senate did offer a more far-reaching reform bill that Republicans rejected this week, the two parties' approaches to fixing the lobbyist problems have...
...Even if Congress eventually passes the Senate reforms, the influence of lobbyists won't end. As long as Congress is doling out billions in special project money, groups will hire lobbyists to make sure they get their share. And while some members, mainly Republicans, have suggested that the real solution to lobbying reform is fixing the budget process so Congress isn't doling out money for individual projects in congressional districts, that's highly unlikely to happen. Tom Coburn, a freshman Senator from Okalahoma, has already become one of his chamber's more unpopular members by repeatedly going...
...help members of Congress. While the fallout from the Abramoff scandal has resulted in some members' canceling parties and fundraisers hosted by interest groups, lobbyists and the groups they work will remain among the biggest donors in politics. And the reality is, for all the talk about lobbying reform, Congress has never been known to bite the hand that feeds...