Word: systemically
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...does not lie entirely on some admittedly inept governments. While it would be hard to find a country that was managed with as little economic integrity as Greece, all of Europe’s countries had access to easy credit and were members of a very lightly regulated financial system for the last decade. No Eurozone country was complaining about the structure of the economic system when Europe was thriving in the earlier part of the decade, and therefore, everyone now bears the responsibility to save the system and change it going forward...
...major step the EU must take is to develop more political and fiscal integration. The optimal economic solution would be a fully integrated fiscal system in which a central European government made decisions in a structure similar to the U.S. Thus, monetary and fiscal policy would be coordinated on the same scope, and Europeans would not have to worry about a single member state bringing down the entire economy, just as no one worries about California’s fiscal problems hurting the stability of the dollar. European countries, accustomed to full sovereignty, are used to full independence, and therefore...
Students who have worked in the public school system said they found this finding unsurprising...
...initiative system, however, may have caused the most havoc in California. In 1978, Proposition 13 imposed strict limits on local property taxes, gutting the budgets of schools and local governments, which have been bailed out by Sacramento ever since. It also requires a two-thirds vote to raise taxes, granting antitax Republicans, a minority in the state ;egislature, great power. Proposition 98 requires California to spend 40% of the state budget on public schools, which places enormous pressure on other state programs, such as higher education and the courts. These and numerous others have put California government in something...
...citizens to make laws and constitutional amendments directly by way of the initiative process. Fred Kimball, the owner of Kimball Petition Management, believes initiatives are an answer to a legislative process he says is "handcuffed by a lack of bipartisanship and the effect of lobbyists." He says the initiative system gives people power to change things for the better...