Word: european
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...Kennedy also cites a “Vanity Fair” article to argue that “Israel and the U.S.” planned to overthrow Hamas. In fact, the article hardly mentions Israel. But it does record that Hamas was cut off by the U.S., European Union, Russia, and the UN when it failed “to renounce violence, recognize Israel’s right to exist, and accept the terms of all previous agreements”—not because it won an election, and not just by “Israel...
...region's economies get. "We've already seen the rescue of finance sectors bleed into industries like automakers and construction at an extremely rapid rate - one that's accelerating further as frightened publics demand protection from national leaders," says Karel Lannoo, CEO of the Centre for European Policy Studies in Brussels. "This is undermining something the world learned in the past two decades, and a lesson the European Union learned in particular: everyone benefits when you decrease the boundaries and divisions in international markets and trade to a minimum, and allow things to flow as freely as possible." (See pictures...
...hard to stay loyal to liberal markets when voters are demanding action in the middle of an economic meltdown. Nowhere has that been more evident than in Britain - long the European Union's most enthusiastic cheerleader of American-style deregulation and free trade. On Monday, U.K. unions held a repeat of last week's wildcat strikes protesting a decision by a French-owned oil plant to bring in 300 Italian and Portuguese contract laborers. British workers at the refinery in northeast England say they want jobs to go to locals, not to cheaper foreign workers. The move sparked rare...
...calls for labor protection pose a problem for European leaders: they run counter to E.U. rules that ensure the free flow of goods, services and workers. Worse yet, notes U.K. Business Secretary Peter Mandelson, such moves risk beginning a chain reaction of protectionism that could make the economic slowdown even worse. "It would be a huge mistake to retreat from a policy where, within the rules, U.K. companies can operate in Europe and European companies can operate here," Mandelson said on Jan. 31. "Protectionism would be a surefire way of turning recession into depression...
Just how protectionist will Europe get as the recession bites? So far, there's no obvious answer to that important question. Some European leaders have expressed concern about the region's protectionist reflexes, while others are already talking about ways to fence in their economies. In a few special cases, leaders appear to be doing both...