Suchergebnisse

The Middle East has been caught in a cycle of Israeli-Palestinian violence for the last two years. Last year brought some changes that have the potential to bring about a shift in this violent situation. First, within a very short time period two figureheads of the Islamic militant group Hamas were killed by Israelis: the spiritual leader Sheikh Ahamad Yassin & the leader of Hamas, Abdal Aziz Al Rantissi. Second, an important development in the past year was the change in the policy of Israeli Prime Minister Ariel Sharon. He came up with the so-called "Disengagement Plan," which envisioned the retreat of Israeli settlers from the Gaza Strip. Such a plan was not expected from a settlement-pioneer like Sharon. Third, an event of great importance for the Middle East was the re-election of American President George W. Bush. US diplomacy plays a crucial role in the Middle East. Fourth, probably the most important event in the region was the death of long-time Palestinian leader Yasser Arafat. His death will have a strong influence on the future of Israeli-Palestinian relations. The four developments are in the center of this article's analysis. References. Adapted from the source document.

Year 2003 was meant to be the year that would change the Israeli-Palestinian conflict for good, but the violence continued on both sides. There was a new peace plan -- the roadmap -- & talk of a new Middle East. But as the year ended, the roadmap was not fulfilled. In an attempt to make the roadmap work, peacemakers invented a new post -- that of Palestinian prime minister. Mahmoud Abbas was the first man to try the new post. But he did not get very far. He spent most of his premiership in a power struggle with Mr. Arafat & he gave up. Last year a group of former Israeli officials & Palestinian ministers was promoting their own proposal the Geneva Accord. This plan details the exact dimensions of a two state solution. For now, it is just fantasy peacemaking -- but its backers are hoping that it could take hold as a serious alternative. Finally, there is the proposal which may be the most important of them all. Israel's Prime Minister Ariel Sharon has warned that he will impose what he calls his Disengagement Plan should the Palestinians fail to meet his demands for a new leadership & the dismantling of armed Palestinian factions. Ariel Sharon has decided to give the Palestinians a few months to comply -- he will not be any more specific than that. If they do not meet his terms & his timetable, he has warned that he will take unilateral steps to draw up his own borders & to impose a settlement in Israel's favor. 32 References. Adapted from the source document.

The main purpose of this article is to show by selected case studies to what extent the euro has already managed to establish itself as one of the key international currencies from the point of view of various aspects, to what extent it fulfills the functions of an important international currency, and what are the prospects of the euro's position in the future. Various signals indicate that the euro already fulfills some conditions which would allow it to become a serious competitor to the dollar in a relatively short period of time. The article is also taking notice of some obstacles and drawbacks that the European Economic and Monetary Union (EMU) has to and will have to deal with.First of all, the author deals with the question of whether the eurozone is an optimum currency area. This is one of the principal theoretical problems which has been accompanying the EMU since the very beginning. Then he shifts his attention to the question, concerning what role does the euro play in the world economy at present from the point of view of the share of the eurozone on the world GDP, trade, officialforeign exchange reserves, selected indicators offinancial markets etc. Then he deals with the role of the euro in the world monetary system -- one of the main subsystems of the world economy. Here is presented a survey of countries which have accepted the euro as its single or main currency, and also countries whose currencies are narrowly linked to the euro by means of various exchange rate mechanisms. The next part of the article outlines the potential of the euro in its "conquest" offurther regions of the world. Both those where the euro is becoming or will become the number one currency (e.g. in the countries of Central and Eastern Europe) in a foreseeable future, and those where it will compete with the American dollar (e.g. in Latin America, in the Middle East etc.). In the final part, the author attemptes (use the same tense) to point out some problems which can influence what?missing subject, if and to what extent the euro really will become a strong and stable currency. At the moment, it is not yet possible to answer concisely and clearly the question of whether the euro will become an equivalent competitor to the American dollar. It is important whether the EMU will or will not break up in the course of the coming years or decades. So far, there have not appeared any signals of this kind. It will be substantial how the member countries of the eurozone will be able to handle the first serious crisis, e.g. analogical to that of 1992-1993. At that time, the exchange rate mechanism (ERM) was abandonned temporarily by the 1talian lira and permanently by the British pound. This crisis of the European monetary system has shown the difficulty or even incapacity to set such a monetary policy which would be simultaneously advantageous for all member countries of a certain monetary system. The question is whetlLer it is possible considering there are usually big differences in economical standing between individual countries. A similar or even a more serious crisis could emerge in a longer time horizon. The EMU thus stays a long term project and a long distance run. It is, however, possible to assume that within the next ten years, it could become totally clear whether the EMU project is a great success or a great error. Adapted from the source document.