Word: europeanization
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...points out that the European Union ruled in 2006 that phone and Internet providers were required to keep all cell-phone and e-mail data for a certain period of time. "That just seems wrong and an invasion of privacy," he says. "We have not caught on to the implications of all these conversations being kept for so long." While he acknowledges that the app might also be a boon to teens who are in the habit of sexting, drunk texting or "running off at the thumb," he thinks lawyers and their clients and business executives involved in complicated deals...
...European Union was initially hailed throughout the world as “the European miracle,” a triumph for supranational organizations and international unity. Banded together in a monetary and trade-based union, the EU experienced rapidly rising living conditions and surprisingly harmonious relations. The last few months have shown, however, that the EU’s economic foundations were fundamentally flawed. Monetary and fiscal policy are deeply related, so a monetary union in which each subunit pursues its own fiscal policy is destined to fail. The best and most practical solution for the European Union...
...monetary policy is controlled by the European Central Bank, and most of the member countries have joined the “Eurozone,” the term for the monetary area in which the Euro is used. Thus, one central bank controls the supply of money for the EU, and individual countries do not have control over inflation targeting, interest rates, and other monetary issues. Yet at the same time, each country is in control of how much its central government spends and the solvency of its financial system, so Germany independently controls its expenditures and tax receipts, and Greece...
...wedged between the boxes of mosquito coils and the tins of evaporated milk. How times change. Today the wine world's great hope is the Asian drinker, for many of whom the consumption of grape wine is an aspirational and pleasurably exotic activity, much like sake drinking is in European or American cocktail bars. Facing stagnant sales at home, the Old World's lordliest vintners must leave their crumbling châteaus, and the New World's biggest brand managers forsake their suburban bottling plants, all to spruik their wares at Hong Kong's wine expos. The trade press...
...arrests are being seen as a critical test of how far the government can go in reining in the military's power - a goal of Erdogan's party for years. After it came into power, for instance, the party started using European Union-inspired reforms to pave the way for civilian courts to try military staff. The government has also backed a two-year court investigation into allegations that a bizarre alliance of military men, mafia bosses and secularists sought to create social upheaval by plotting to plant bombs and stage assassinations - all as a pretext for military intervention. Monday...