Word: socialist
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...there, Papandreou knows he will have to take on the culture of entitlement and graft that has festered on the left - and his own party. "The first thing we have to do is change ourselves," he says he told his socialist PASOK party after he took over its leadership...
...changing Greece will not be easy. Papandreou is pushing ahead with pension reforms and an overhaul that will see more Greeks pay tax. Some of his efforts to improve governance - he wants to put all government decisions and documents on the Internet, for instance - have already been resisted by Socialist colleagues. Change, he says, will be painful. "But if we do what is necessary, we'll come out of this stronger and much more viable." There's no intrinsic flaw in the Greek character, he argues. "It's not in our DNA, it's not even in our cultural...
...recent years, calling them part of a strategy of political blackmail and manipulation. In 2006, he even proposed that the European Union impose sanctions on Russia for its economic bullying in Eastern Europe. His animosity had deep roots. In 1980, he spent nearly a year in prison for "anti-socialist" activities when the Moscow-backed communist government imposed martial law in Poland. After his release, he became a leader of the underground Solidarity movement that campaigned for democratic reform, helping to topple the communist regime. (See pictures of the Buffalo, N.Y. plane crash...
...more capital as a percentage of assets than in any year since 1935.” Nevertheless, the perception remains that Washington is making all the wrong moves; critics on the left suspect an incestuous relationship between Wall Street and Capitol Hill and those on the right decry a socialist takeover of the financial system. Lost in this maelstrom of punditry is the fact that the government has recouped most of its bailout money and divested its involvement in banking. Obama must argue before the American public that his administration averted the country from financial disaster. If voters still believe...
...Saif is Libya's future, then he might just trigger a transformation every bit as far-reaching as his father's socialist coup. Already a Saif-created National Economic Development Board, run by U.S.-trained economist Mahmoud Gebril, is at work overhauling Libya's regulatory system. Saif has also proposed a new penal code, which would entail drafting a constitution for Libya, a move regarded for years by Muammar Gaddafi as unrevolutionary. "There must be an independent judiciary, and protection of the rights of people," Gebril says, pointing to postapartheid South Africa as a model. That would be a sharp...