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...engine of European integration, the Commission also is responsible for disciplining individual member states that violate E.U. rules. The rules in question are part of Europe's Stability and Growth Pact set up in 1997 amid German concerns over budgetary discipline in countries about to join the euro zone. Designed to discourage governments from destabilizing the euro zone by borrowing too much, the rules limit national deficits to no more than 3% of gross domestic product. Countries that go over that limit can face fines. (See pictures of Europe in peril...

Author: /time Magazine | Title: Europe's Twin Messages: Spend! Stop Spending! | 2/24/2009 | See Source »

Decline and Fall Re Postcard: as the pound loses its exalted position, why is the U.K. still refusing to join the euro [Feb. 9]? Could it be that the pound, and the monarchy it represents, are the only things left that uniquely identify the country - perhaps the most cosmopolitan in the world, with millions of people of diverse languages, cultures and philosophies all claiming British citizenship - as the Britain of the colonial era; and the past glory that era represents? Sarah Udoh-Grossfurthner, VIENNA

Author: /time Magazine | Title: Stem-Cell Study Moves Ahead | 2/19/2009 | See Source »

...paper's best stuff, plus its own analysis and features written by a staff of young journalists. Nijenhuis, who became NRC Next's editor, thinks of it less as a daily paper than a daily magazine aimed directly at Handelsblad's lost generation of rich young readers. At one euro, the skinny NRC Next is only two-thirds the price of Handelsblad, but it looks and feels way cooler - the paper it's printed on, for instance, is slightly heavier. "Readers have got to feel that this is better than Holland's four free dailies - better even than Handelsblad...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

...Burton's supervision. Selick next directed James and the Giant Peach, which managed to improve on the Roald Dahl children's book, and Monkeybone, a pretty frantic mix of live-action and animation. All these films owe less to the chipper confections of Disney, Pixar and DreamWorks than to Euro-cartoonery like The Triplets of Belleville and the work of Czech animator Jiri Trnka...

Author: /time Magazine | Title: The Chilly World of Coraline | 2/6/2009 | See Source »

...Rodriguez flew on Ryanair last August from Valencia, Spain, to Milan. At check-in, the scale at the airline counter showed that his bag weighed 12 kg (26.5 lb.), 2 kg above the limit for a carry-on, so Alonso-Rodriguez was forced to check it. The cost: 20 euros. That's almost one euro for every one of his names...

Author: /time Magazine | Title: Sky-High Fees for Overweight Bags | 2/2/2009 | See Source »

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