After all, effective regulation in the public interest is a prerequisite for the effectiveoperation of markets, and the IFRS Foundation is failing in its duty to supply it.
But coupled with general European suspicions about America's economic arrogance, they do not bode well foreffective international financial co-operation.
Still, while this pay-as-you-weigh method may prove effectivefor a small commuter operation like Samoa Air, some analysts question whether the model would make business sense for large commercial carriers.