It therefore wants to see a credible program for balancing the US budget once the recession ends.

In the process, he damaged Russia s reputation as a reliable supplier of natural gas.

The new prime minister will need to persuade Germany, financial markets, and the European Council that Italy is a reliable partner.

Finally, the revolt of Cyprus s small savers highlighted the need for a credible system of deposit insurance.

Convincing foreign direct investors that India is a reliable destination will increase the inflow of long term funds.

Until recently, the record on evaluating responses to humanitarian emergencies has been patchy at best.

Russia quickly discovered that its threats against Ukraine were too costly to its reputation as a reliable supplier for Europe.

The US, for its part, views Iran as a duplicitous and unreliable negotiator that is committed to nuclear weapons and unserious about talks.

In the absence of a credible and readily available political alternative, deadlock will likely continue, with the pace of change slower than the population demands.

That raises the stakes of political survival considerably, especially given the absence of any credible guarantor of constitutional norms and behavior.

When these function well, we have a general sense that, even though people are not always trustworthy, basic fairness prevails.

The lack of an authoritative estimate of the total number of nuclear weapons attests to the need for greater transparency.

Both countries leaders should acknowledge what should now be obvious nuclear weapons reduction can no longer serve as a reliable basis for bilateral relations.

Having used fiscal spending aggressively to avoid a depression, the US must now commit to a credible medium term path of fiscal consolidation.

But the macroeconomic model on which he bases his claim can hardly be called reliable, given its manifest failures to predict either the crisis or the euro s survival.

In particular, it could affect current plans for a banking union, which needs three elements a single supervisor, a common resolution authority, and a credible system of deposit insurance.

He went to work every day in an operating theater like this one, trying to deliver anesthesia and teach others how to do so using that same equipment that became so unreliable, and frankly unsafe, in his hospital.

The yields and volatility of longer term bonds should then fall relative to short term securities, allowing peripheral governments to finance themselves reliably and at reasonable cost.

The British economist John Maynard Keynes worried that countries would not use sterling to settle trading balances with each other if the pound were not viewed as a reliable store of value.

To ensure that the post Grexit eurozone s integrity faces no further immediate threats, China must join international partners in establishing a fully credible firewall, via the IMF.

The Muslim reformist tradition the search for an authentic path that links Islam's traditions to the modern world has deep roots, stretching back to the middle of the 19th century.

Though Lebanon has not conducted a reliable census in decades, its population is thought to be about 30 Sunni Muslim, 30 Shia Muslim, and 30 Christian, with Druze and others accounting for the rest.

Trustworthiness

This is a welcome trend.

This would give countries confidence that they can count on reliable supplies of fuel to run their nuclear power plants, and therefore do not need to develop their own uranium enrichment or plutonium reprocessing capability.

With Iraq probably becoming the first Arab country to be ruled by Shiites, and hence integrated into an expanding Shiite Iranian empire, America s Sunni allies in the region now view the US as unreliable.

If China is to avoid falling into a Japanese style liquidity trap, the best solution is to fix its exchange rate in a completely credible way so that there is no fear of currency appreciation.

It deserves our consideration.

Some of these initiatives are worth mentioning

Through all of this, Europe must present itself as an unbiased mediator. If negotiators on both sides view it as a credible broker of a lasting and balanced agreement, they may be more receptive to each other s concessions.

Now we have yet another noteworthy situation, equally deserving praise.

He is worthy to be captain of our team.

Today's vote is a fitting legacy to your stewardship.

A further internal measure is worth noting.

Moreover, new instruments like Eurobonds will have to be made available in order to reduce the affected euro zone countries interest burden, provided that they have taken serious steps subject to effective control mechanisms toward credible restructuring.

Given an expanded mandate and a much larger balance sheet, the International Monetary Fund, with advance notification, could in principle reliably act to stabilize volatile international capital flows, buying time for more orderly domestic responses.

A subject worthy of Kafka and Molière.

Why should the rebels believe that the government will honor its commitments once they no longer represent a threat? Neither party, it seems, can commit credibly to peace.

In acute fiscal stress, governments cannot afford to slow down consolidation. But they should place as much emphasis as possible on spending reforms that credibly improve the outlook while having limited adverse short term effects.

Stability can return, but not until domestic policy in the advanced countries, together with international policy coordination, credibly shifts to restoring a pattern of inclusive growth, with fiscal stabilization carried out in a way that supports growth and employment.

Change within the government is also noteworthy.

It should be given attention by all.

Through a credible intermediary, the US could offer to consider security guarantees and relief from existing sanctions if Iran agrees to forego domestic enrichment and accept the Russian offer, perhaps garbed as an IAEA backed international consortium in which Iran could participate.

But although Prime Minister Ehud Olmert might seek to regain his popular credibility by a major new peace demarche, the two headed Palestinian Authority, always a dubious partner in the eyes of the Israelis, is now more suspect than ever.

High oil prices have helped him rebuild and centralize the strong state that was his goal from the outset of his presidency. But his recent attempts to use Russia s energy resources for political coercion in Georgia, Ukraine, Belarus and elsewhere have exposed Russia as an unreliable partner, unnerving even the Chinese, who do not wish to see a reconstituted Russian empire on their border.