Word: hardes
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...excessive. One of the things that these governments rarely admit is that they may not have the capacity to borrow in the open debt market the way that the U.S. Treasury can. China may not want to own paper from the Grand Duchy of Luxembourg and it is hard to blame the communist central government in the big Asian country for that. The U.S. is still viewed as unique in both the size of its GDP and its potential to maintain impressive economic growth rates over long periods of time, in large part because of its vast pool of consumers...
...finally pieced together a majority of at least 66 Knesset seats. But there are no guarantees that his coalition will last its four-year term. Members of his own Likud Party are grumbling that Netanyahu has given away too many ministerial portfolios to woo both Labor and the hard-right party Yisrael Beitenu of Avigdor Lieberman, who is likely to become the next Foreign Minister, despite his extreme anti-Arab views. (See a TIME video on Lieberman...
Topolanek told the European Parliament on Wednesday that his departure would have "no impact" on the E.U. presidency. But he also warned that it could complicate negotiations. "Partners in Europe have grown used to us negotiating hard," he said. "In this sense it can happen that our position will be weakened...
...more than a decade, Britain's Prime Minister Gordon Brown has been urging an overhaul of the world's financial regulation and institutions in response to increasing globalization. The global economic crisis, which has hit Britain hard, has given him a rare chance to get his message across. In the midst of intensive preparations for hosting the G-20 meeting in London, he sat down with TIME at 10 Downing Street to discuss his hopes for the summit. (See pictures of Brown...
There's popular pressure for punishing people responsible for this mess. How important do you think it is to restore accountability? What I find really interesting about the public response is that the values that people hold to be important - like working hard and taking responsibility - are the values that not only underlie a good society but are necessary for a good economy as well. People have felt for some time that you've got this vast global process at work, and somehow the rules that govern [it] have got different from the rules you practice in your everyday life...