Word: europeanization
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...Toyota announced on March 11 that 4,500 workers at its British factories would see their pay and hours slashed 10% for a year starting in April. The German and British governments are still in talks with GM over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel in Germany and Vauxhall in the U.K. GM says it needs some $4.2 billion to save its businesses in the region. (See pictures of workers...
...Massive bailouts like those being considered for GM and Chrysler in the U.S. aren't currently on the cards for most European and Asian carmakers, which don't face the kind of long-term structural problems dogging Detroit. Instead, policymakers in countries with substantial automotive industries are rolling out programs to ease the short, sharp shock of plunging sales by giving consumers incentives to start buying again. In January, China slashed its sales tax on cars with engines of up to 1.6 liters. The measure, designed to get Chinese to buy smaller, more fuel-efficient vehicles, had an immediate impact...
...Obama's Washington could also help keep the country's democratization process on track. Elected twice on a platform of change, Prime Minister Recep Tayyip Erdogan's government has been faltering on democratic reforms in recent months. Having been frustrated in its efforts to expedite its acceptance into the European Union, Turkey's government has instead put greater emphasis on looking east, burnishing its influence in the Islamic world. The Kurdish conflict in the southeast, which spills over into Iraq, remains unresolved and reforms have stalled, while a recent U.S. State Department human rights report cites police misconduct, allegations...
...biggest terrorist attack on European soil left 191 dead, thousands injured, and a realization that the country was far more vulnerable than all but a few (mostly ignored) experts had recognized. But its longest-lasting repercussions were political: just three days after the attacks, while the governing Popular Party still insisted - despite growing evidence to the contrary - that the Basque terrorist group ETA, and not Islamist terrorists, were to blame, the country held national elections. In a surprise upset, the Socialist party, headed by José Luis Rodríguez Zapatero, beat the conservative PP, which had been in power...
...conservative PP would have reached a compromise with the administration. But the ferocity of their protests suggested to many that more than ideological differences were in play. "Crispacíon was a tactical strategy," says former Socialist spokesman Diego López Garrido, today a deputy in the European parliament. "The PP used it to try and undermine the government, and win the next elections. It didn't work." (See pictures of Spain...