Word: european
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...deflation isn't just a U.S. anxiety. Japan, which emerged from deflation only earlier this decade, is now back in recession, has negligible inflation and could soon see prices fall again. So too in Europe, where the European Central Bank was behind the curve in seeing the risks to growth that the credit crisis posed and kept interest rates too high for too long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern...
...people Greece says it can prove crossed over from Turkey, only 1,600 have been accepted back. "They are not cooperating at all," claims Alexandros Zavos, president of the Greek government-funded Hellenic Migration Policy Institute, who says Ankara sees "immigration as a bargaining chip" toward membership in the European Union. Interior Minister Pavlopoulos argues that "Turkey has to respect E.U. law if it wants to be a member. As long as it acts like this it will be impossible to move forward with accession." Turkish officials, who point out that they too are struggling to cope with huge flows...
...Gateway to Europe Greek officials say the problem belongs to Europe, not just to Greece. Athens wants European border-control agency Frontex to play a bigger role in Greek waters, and recently proposed a new E.U. coast guard. "The E.U. has to protect its borders," says Pavlopoulos. "And every member has to take part in that protection." Panagiotis Tzilas, coast-guard commander in Mytilene, says that saving lives should be the priority, but Greece alone can't cope with the task. "It's not a question of what we should do," says Tzilas. "It's what Europe wants...
...Barcelona Stem Cell-ebration European physicians have announced the success of a breakthrough procedure in which a woman's windpipe was rebuilt using her own stem cells. The operation, performed on 30-year-old Claudia Castillo this past June, seeded a stripped-down segment of a donor's trachea with stem cells from Castillo's bone marrow, ensuring a perfect tissue match and reducing the likelihood of transplant rejection. The procedure has been championed as a milestone that could pave the way for radical improvements in organ transplants and the treatment of serious diseases...
...world, eyeing the future oil crunch, was betting on smaller, more fuel-efficient cars; spending millions lobbying Congress to avoid regulation that would force tougher environmental standards; and giving its union unsustainably generous deals on salary and benefits that hobbled its ability to compete with Japanese and European carmakers. And the answers to these criticisms from the Big Three CEOs at two hearings, one before each chamber, went so badly this week that lawmakers cited their performances as reason not to give them any money...