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Europe's direct payments, which totaled more than $200 million from 2000 to 2002, led to the establishment of a World Bank-monitored trust fund, which is now used by most international donors to disburse money to the fledgling Palestinian government in return for its willingness to meet certain standards of improved fiscal governance.
Europe needs a new fiscal governance mechanism, to be sure.
He works on fiscal governance and political economy.
Republicans and Democrats cannot agree on the fundamental, underlying problem with the country's fiscal governance.
Solid fiscal governance matters more for American foreign policy than loud debates about specific crises.
Cameron will tell Merkel in Berlin Britain would welcome moves towards fiscal governance in the eurozone.
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Analysts say voters across the region generally appear to support the notion of good-fiscal governance and balanced budgets.
The paradox is that a lot of political union is already being implemented — the decisions made recently to reinforce fiscal economic and financial governance are significantly fostering political union.
Instead, it demands, as Judge Kaye said, "determining the actual cost of providing a sound basic education" -- teachers, materials, facilities -- and creating the fiscal and governance structure to deliver it.
"There's been a lot of momentum around fiscal and governance reform, particularly in the past five years," said Mark Baldassare, head of the Public Policy Institute of California, a nonpartisan think tank.
The country is also on the brink of economic collapse, and longer term fiscal and governance reforms, as well as significant investments in livelihoods, agriculture and basic service provision, are needed to prevent the crisis from worsening and to stem the instability which risks spilling over into the region.
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