Such a constraint would improve the functioning of sovereign-debt markets by inducing greater due diligence in lending.
The idea that the EU is all about distant technical adjustments is laughable now that the euro is impinging on many basic functions of sovereign national governments, most obviously in Greece, Ireland and Portugal, but also in all the parties to the fiscal compact.
Within these rival historical narratives, the role of sovereign history was inverted and fragmented.
Failed state, a state that is unable to perform the two fundamental functions of the sovereign nation-state in the modern world system: it cannot project authority over its territory and peoples, and it cannot protect its national boundaries.
Surrounded by a wall and a moat, the building is decorated with sculptures portraying Suryavarman as Vishnu; he is shown reviewing his troops, holding audiences, and performing other functions of a sovereign.
The fundamental, irreducible function of a sovereign government is to ensure the security of its people.
He goes on to say that the documents requested by Hanson-Young could reveal the location and capacity of customs vessels which are necessary for the effective functioning of the government's Operation Sovereign Borders.
A fix will require fundamental changes in the functioning of the bloc, with more interference in the workings of sovereign states.
Although the landmass of the country's breakaway territories is a fraction of the total size of sovereign Ukraine, Moscow has transformed the rebels' ramshackle administrations into regimes that have the semblance of functioning governments.
The critical passage in Draghi's comments was this: "To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate".
Invasions of sovereign nations?
