Word: agreements
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...future, not the past. However, they do expect Europeans to treat them with respect, not cultural condescension. This is another thing Europeans do not get. The protests in European capitals before the Beijing Olympics, the efforts to dictate human-rights clauses in the India-E.U. cooperation agreement and the obsession with Burma show both a lack of sensitivity and of strategic thinking. If Europe does not act fast, it will miss the boat on Asia. (See 25 authentic Asian experiences...
...provisions of the U.S.-brokered Dayton Agreement that ended the war in 1995 was that Bosnia would be split into two largely self-governing regions - the Federation of Bosnia and Herzegovina, made up mostly of Bosnian Muslims and Croats, and the Republika Srpska, made up mostly of Serbs. For years, the current leader of Bosnia's Serbs, Milorad Dodik, has vowed to hold a vote on the future status of the Republika Srpska. Now, as Bosnia lurches toward elections in October, it looks increasingly likely he'll make good on that threat, calling into question the future of a multi...
...peace accord has been changed." Grebo says the act of holding a referendum is not in itself unconstitutional and that all citizens have the right to express their views on issues of governance. But, he adds, that doesn't mean a referendum can call into question the Dayton Agreement or that any vote would necessarily hold the force...
...federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown...
Unlike the BofA deal, however, Citigroup's left intact a large investment in the bank on the part of the government. Citi repaid the government's $20 billion in Citi preferred shares, and it closed an insurance agreement that had the government backing as much as $300 billion in troubled Citi loans. But the deal did nothing to repurchase the 7.7 billions shares the government had acquired in Citi in mid-2009. The Treasury considers its remaining stake in Citi part of the Capital Purchase Program initiated at the start of the financial crisis. But because the government owns common...