Word: summits
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...first year of his presidency, Sarkozy's frosty relationship with German Chancellor Angela Merkel led him to downgrade the Franco-German relationship that has traditionally been central to French policy in Europe and instead cultivate closer ties with the U.K. But in April, ahead of the G-20 summit in London, the French leader rushed back to Merkel on the issue of tougher international regulation of financial markets, and has since encouraged a tighter relationship with Berlin. Last week, Sarkozy even started a public fight with British Chancellor Alistair Darling by bragging that the appointment of a French official...
...former economic adviser to John McCain's presidential campaign, Douglas Holtz-Eakin, who was recently invited to the White House for a jobs summit, is more aghast at the vagueness of the speech. "He did not give one dollar figure," says Holtz-Eakin. "He did not explain how anything is being paid...
...major U.N. summit on climate change opened Monday in Copenhagen, but the big environmental news was made across the Atlantic in Washington. In an afternoon press conference, Environmental Protection Agency (EPA) Administrator Lisa Jackson announced that the agency had finalized its finding that greenhouse gases, including carbon dioxide, pose a threat to human health and welfare...
...pipeline for a while, the timing was appropriate, with Copenhagen getting under way. The EPA ruling is a signal to other countries that the U.S. is prepared to contribute to a climate treaty, and it is a useful tool for Obama, who will participate in the Copenhagen summit on Dec. 18, its final day. "In light of the EPA endangerment finding, the President's appearance in Copenhagen will carry even more weight, because it shows that America is taking this issue very seriously and is moving forward," said Senator Barbara Boxer, head of the Senate Environment and Public Works Committee...
Such a command-and-control regime is a long way off, and may never happen - especially if cap and trade is finally passed. But with the most important environmental summit in history kicking off, the EPA's news couldn't come at a better time for greens. "Every positive announcement will improve our chances of staying below the 2°C target," said Danish Minister Connie Hedegaard, who is presiding over the Copenhagen summit. "But we all know only too well, we are not there...