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The ECB must be backstopped by a European fiscal authority with several indispensable instruments: the ability to issue European treasury bonds and raise federal taxes, and the capacity for decisive action at the European level.
While China desperately needs more democracy to curb abuses and corruption, it is also true that the democracies must develop a greater capacity for decisive action and long-term policy-making free from the paralyzing special interest pressures of the moment.
Change along these lines would shift California toward a modern system of governance that has the capacity for decisive action, would reflect the complexity and diversity of its population and economy, and would be more suited to the challenges and opportunities of the 21st century than the one inherited from the time of ranches and railroad barons.
Similar(57)
It's time for decisive action.
There is a time for decisive action.
But calls for decisive action also worry conservationists.
But he said Obama and Holder deserved credit for decisive action.
She called for "decisive action" by the Government and employers to raise incomes of working families.
Rather than a grand national pact, the voters may soon yearn for decisive action.
Mr de Maio called for decisive action to stop further bloodshed.
The German chancellor, Angela Merkel, has called for "decisive action" to deal with the situation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com