Word: summits
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...summit in Brussels on March 1, German Chancellor Angela Merkel rejected the call for a mass bailout. Luxembourg Prime Minister Jean-Claude Juncker, who chairs meetings of the eurozone's finance ministers, dismissed the idea of relaxing the entry criteria to the euro. And French President Nicolas Sarkozy, who just a few weeks ago raised the specter of a return to protectionism when he suggested that French carmakers should close their factories in the East and move home, accused Eastern Europe of putting the entire E.U. at risk...
Obama and Raúl will continue to approach each other hopefully but cautiously. The U.S. President, who is set to attend next month's Summit of the Americas in Trinidad - at which Cuba is the only disinvited nation - says he favors keeping the embargo largely in place until Cuba demonstrates political reform. But he also knows that opening up to the island is necessary to mending Washington's broken relations with Latin America in general. By the same token, Raúl, who has insisted on U.S. concessions on items like the embargo before he delivers his own, like...
...President Barack Obama prepares to convene a health-care summit at the White House later this week, Administration officials are signaling that he intends to pursue a very different strategy for getting reform passed from the one used by his Democratic predecessor in office. Unlike the failed effort of 1994, when Bill and Hillary Clinton presented Congress with a detailed blueprint for reform - and never saw a bill reach the floor of either the House or Senate - Obama is outlining broad principles, with a bottom line of universal coverage, and leaving it up to lawmakers to fashion a plan...
...summit itself ended in reluctant pledges to help eastern Europeans, but only on a country-by-country basis, as well as repeated mantras about avoiding protectionism. But if the show of unity was unconvincing, the issues are very real. Crashing exchange rates, soaring debts and failing banks: eastern European economies have fallen far faster and harder than their richer, Western neighbors. Czech Prime Minister Mirek Topolanek - whose country currently holds the E.U.'s presidency - says the developing recession is "the greatest crisis in the history of European integration...
...still some way from splitting asunder - another summit in Brussels will take place over two days at the end of the month. But at the moment, the odds are that it will involve more long lunches, and more papering over the cracks...