Word: pisani
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...worth just ?0.65. Now, humbled by bank crashes, government bailouts and a collapsing housing market that has forced massive interest rate cuts, Europe's currency is within a pence or two of parity with the pound. "The debate has changed from a total fantasy in the U.K.," says Jean Pisani-Ferry, director of Brussels-based think tank Bruegel. "The political obstacles still remain strong, but it has changed the perception of the U.K. as the perfect system...
...Pisani-Ferry says the financial crisis has been a defining moment for the euro, but he cautions against too much praise. The euro is still some way from dethroning the dollar as a global currency; just 27% of global foreign exchange reserves are held in euros compared with 62% in dollars...
...debates about the European Central Bank's monetary policy, when the focus should be on correcting big macroeconomic divergences, like Spain's and Ireland's recent (and ultimately doomed) property bubbles. "The euro zone needs more ability to act in times of real crises, or to prevent them," Pisani-Ferry says. "It is a slow process." But one that has come a long way in 10 years...
...local health workers, government officials and church leaders, who say the practice would constitute a human rights violation and do little to address Papua's high infection rate. "Two wrongs do not make a right, and the plan to implant HIV people with microchips is definitely wrong," says Elisabeth Pisani, an epidemiologist and former AIDS researcher in Indonesia. "This sort of nonsense is hardly worth commenting on from a public health point of view, but I think it might give pause for thought to those who are pushing rapid decentralization and local democracy as a development model [in Indonesia...
...arguments in The Wisdom of Whores are new. But it's rare to see them expressed with such frank simplicity. Pisani is never one to mince words. "In the AIDS business we're all whores," she says. Given how aid groups seek out donors' money, "We're all selling ourselves to the highest bidder." As with the prostitutes, their actions follow a certain logic - and it could be deadly...