“The global economy is weakening again”
If you’ve been following economic events over the past five years, the headline on this posting – which is also the opening line from the OECD’s latest Economic Outlook – won’t surprise you. In the wake of the financial crisis, a pattern has emerged: global recovery is weak, doesn’t last long, and soon gives way to a slowdown if not outright recession.A major factor behind this latest slowdown is a loss of confidence, and that in turn is being fuelled in part by events on either side of the Atlantic. In Europe, despite progress in creating systems to shore up the euro, governments still have some way to go before finally fixing the single currency. In the United States, legislators have until only the end of next month to steer away from the “fiscal cliff”. Tipping over the edge would automatically raise taxes and cut government spending.
Parley
Middle English parlai speech, probably from Middle French parlee, from Medieval Latin parabolare, from Late Latin parabola speech, parable
First Known Use: 1580*
“Parley” is a discussion or conference, especially one between enemies over terms of a truce or points in dispute or other matters; mutual discourse.
The root of the word parley is parler, which is the French verb “to speak”.
Beginning in the High Middle Ages with the expansion of monarchs, a parley, or “talk”, was a meeting held between kings and their Chief Retainers. Parleys were part of the many changes in Europe, especially regarding governments. These meetings can be attributed to the formation of parliaments, which are derived from a similar root, parliamentum, simply meaning “talking”.**
Act V Julius Caesar by William Shakespeare
Drum. Enter BRUTUS, CASSIUS, and their Army; LUCILIUS, TITINIUS, MESSALA, and others
BRUTUS: They stand, and would have parley.
*Merriam-Webster
**Wikipedia (from Webster)
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