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This week, world leaders have an opportunity to steer developments onto a new and more hopeful path when they meet in London to forge a new compact with Afghanistan.
The compact builds on the 2001 Bonn Agreement, which laid the framework for a democratic Afghanistan but left much to be done to overcome that war-torn country's tragic legacy.
The G-20's growth compact must be a jobs compact, too.
One possible vehicle for accomplishing this is the independent councils that the EU's so-called fiscal compact has now made mandatory for every country in the eurozone.
Fiscal councils should not be put in the position of trying to interpret the letter of the fiscal compact.
The effective renunciation of the fiscal compact by Valls and Renzi suggests that these ratios will rise even further in the coming years.
For Europe's leaders, the withdrawal by France and Italy from the fiscal compact should serve as a clear sign that the mutualization model is not working for the eurozone, either.
Perhaps even the fiscal compact itself should be reconsidered.
The revamped growth compact would more effectively allocate European resources and increase the flexibility of permanent transfers from rich to poor countries - provided that the money is used for productive investment.
The destruction of the mosque thus felt like an utter betrayal of the compact that had sustained the Muslim community as a vital part of India's pluralist democracy.
The current crisis has exposed the original lacunae and widening cracks in the compact between Europe's citizens and EU institutions, between Europe's north and south, and between its peoples and its elites.
First, it is argued that action of this sort would violate the requirements of the EU's fiscal compact.
To be realistic, the current fiscal compact governing the eurozone must be taken as the starting point.
The Millennium Declaration was meant to be a compact between the world's rich and poor countries.
First, a new global compact should focus more directly on rich countries' responsibilities.
If this is the essence of the fiscal compact that is eventually agreed, it will have no predictable effect on eurozone countries' behavior.
The EU's fiscal compact, whatever its final form, will be little more than a sideshow.
A new fiscal compact - and new governments in Greece, Italy, and Spain - spurred hope of credible commitment to austerity and structural reform.
And now, thanks to the fiscal compact, even the eurozone's core will be forced into front-loaded recessionary austerity.
France may elect a president who opposes the fiscal compact and whose policies may scare the bond markets.
Irish voters may reject the fiscal compact in a referendum.
Indeed, she had no choice but to concede and agree to far-reaching changes to the EU's new fiscal compact that will ease refinancing of the crisis countries and their banks.
The fiscal compact had been reduced to a shambles even before Germany's parliament, the Bundestag, approved it later that day.
The European Union, for example, has been light on assisting the development of the rule of law, good policing, and representative institutions in the Arab world, despite a development and political compact with its governments.