Word: easting
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Given the enormous bill for reunification, such failings have inevitably given rise to a debate in Germany about the policy of propping up the east. In 2004, an informal commission headed by Klaus von Dohnanyi, a former mayor of Hamburg, concluded harshly that eastern Germany was still far from being able to stand on its own two feet. One of the commission's key findings was that industrial policy should have been better coordinated and the money invested in a few promising centers, rather than being showered as if from a watering can across the economic landscape. But the fact...
...Search Why were so many jobs lost? mainly because Halle's local businesses had been rendered uncompetitive by the currency swap and wage increases. That meant economic growth in the east often relied on direct government support, in the form of infrastructure projects, tax breaks for individual investors, direct transfer payments of social benefits for pensioners and the unemployed, and state subsidies for corporate investments...
...again - even if the situation is (remarkably) not quite as bad as it is in west German regions such as the environs of Stuttgart, where almost half a million people have been put on short-term work since last October as auto and machinery factories have slowed production. The east has been somewhat protected because its firms don't export as much as their west German opposite numbers. An unmistakable streak of eastern stoicism helps, too. "I notice that when I'm in the west, the fear of this economic crisis is much greater than in the east," says Halle...
...What was once a country run out of Gayoom's palace will now be organized into seven new provinces, as the government lays down the architecture of a decentralized liberal state. Nasheed has already embarked on trips to Europe and the Middle East to gin up private investment in public projects, from treating sanitation to investing in green energy to establishing the much-needed ferry network linking the archipelago's far-flung islands. Election fever is growing: Nasheed sits in office with the tenuous backing of a coalition of increasingly fractious parties, fitful after decades in which politics could...
...Obama and his advisers are expected to move briskly to an equally pressing matter: Netanyahu's refusal to back the idea of a Palestinian state in the West Bank and Gaza. The two-state solution to the Israeli-Palestinian conflict is the keystone of U.S. policy in the Middle East, and Obama and Secretary of State Hillary Clinton are demanding that Netanyahu sign on. Netanyahu has hinted that he does not oppose the creation of a Palestinian state, but aides say he must move cautiously because his religious-nationalist coalition partners refuse to give away land...