Word: politicians
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...Bosnia and Herzegovina," Valentin Inzko, the High Representative, emphasized last week after a meeting of the Peace Implementation Council, a body of 55 countries and agencies that still serves as the ultimate authority in Bosnia. In theory, Inzko has the power to cancel a referendum or remove any Bosnian politician from power - including those in the Republika Srpska. But it remains unclear whether he has the international backing for such a move, or if he acted, whether his authority would be respected in the Serbian enclave. (Read: "Will Bosnia Test the Obama Administration...
...coming. Interpreting EU treaties in such a way that allows rich member-countries to bail out poorer ones is a step toward integrated eurozone fiscal policy as it necessitates the coercion of the poorer countries’ fiscal policymakers. Although austere German inflation-hawks might disagree, any interventionist French politician-turned-economist would gladly proclaim that fiscal policy is inherently, and rightly, subject to political forces. Indeed, in that country, unlike in Germany and the U.S., elected politicians dictate what federal rate-setters ought to prioritize...
Uribe himself has said that security gains are not yet irreversible; and many Colombians still see him as the only politician capable of maintaining them. Nevertheless, there is no shortage of people willing to try to replace him. Juan Manuel Santos, Uribe's former Defense Minister who leads the President's own Social National Unity Party, is largely seen as his favored successor. He declared his candidacy immediately following the referendum's rejection by the Constitutional Court. Sergio Fajardo, praised for improving security and social services when he served as mayor of Medellín, is steadily climbing...
Begg sees a deeper purpose behind the blame game, as politicians try to mitigate the public criticism that will accompany the inevitable austerity measures needed to fix the Greek and Spanish economies. "There is an Italian concept of vincolo esterno, or external constraint," he says. "It is a device a canny politician can use to say, 'We must do this or we will be eaten alive.' Although the conspiracy theories are preposterous, they help prepare for the reforms which are needed...
Thaksin Shinawatra, the billionaire telecom tycoon who served as Thailand's Prime Minister before being ousted in a military coup, may be a billionaire no longer. On Friday, Thailand's Supreme Court ruled that the government could seize $1.5 billion of the fugitive politician's $2.3 billion in frozen assets after concluding he had enriched himself at the expense of the state through abuse of power and conflicts of interest when he led the country from 2001-2006. The court ruled that the remaining $800 million will stay frozen pending calculation of interest and the settling of other cases...