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For instance, Iran is challenging Saudi Arabia's ability to guarantee the stability of global oil markets.
CENTERFORSECURITYPOLICY: The new Middle East
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So if the ECB is reluctant to cut interest rates further, and if the stability pact restricts EU governments' ability to spur growth through tax cuts or increased spending, what can be done to revive Europe's economies?
ECONOMIST: Chirac storms the stability pact | The
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The crisis has put considerable pressure on Karzai and raised more doubts about his ability to usher in some stability.
NPR: Afghan President Meets Bush at Camp David
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Hopefully, voters got it right in the mid-term elections, that we are now in one of those long benign periods of financial stability when gridlock is preferable, when government will not need the ability to make quick and decisive responses to unexpected developments.
FORBES: Political Gridlock Can Prevent A Quick Solution To The Next Big Crisis
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Like skiing, it requires a certain degree of mastery, a countervailing ability to contend with the panic and reassert a measure of stability.
NEWYORKER: Master of Play
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Without stability from financial institutions and financial markets, however, the Fed's ability to act as needed, instead of as markets anticipate, will remain severely diminished.
FORBES: Magazine Article