Word: crisises
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The past couple of years haven't been kind to the European Union: it's been battered by the recession, buffeted by the Greek debt crisis and bypassed by a host of dynamic, emerging nations. The E.U. is desperate for a magic potion to revitalize its creaking economy, but it...
The E.U.'s recovery from recession has been fragile and slow - the bloc is only forecast to grow by an anemic 0.7% this year. José Manuel Barroso, the European Commission President, warns that Europe risks a "lost decade" of stagnation and decline if it does not act boldly now...
There were a number of problems with the Lisbon agenda, such as the fact it had too many targets and there were political splits on issues like opening up labor markets. But another issue was that E.U. leaders were simply unwilling to overhaul their economies - and there was no enforcement...
That help has a price. European ministers are insisting that Greece implement a severe austerity plan to quickly reduce its fiscal deficit. Papandreou has already promised pay cuts for public employees and tax hikes, but his European counterparts are demanding an even stricter program. That presents a huge test to...
From outside Africa, the response has been patchy. There is some financial assistance, much of it from the U.S. (The A.U. peacekeepers have cost $160 million so far.) In 2007, the U.S. sent special-operations teams in with the Ethiopians and - says Abdirashid Mohamed Hiddig, a Somali Member of Parliament...