Word: pan-european
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...night of November 23, shortly after PSG suffered a resounding 4-2 defeat to Israel's Tel Aviv Hapoel in a pan-European competition, seething PSG fans were allowed - despite the presence of hundreds of police and riot cops - to assemble outside the stadium and stew in their notoriously dangerous juices. Along came Yanniv Hazout, 25, a Paris supporter who had come to the game sporting the colors of his favorite club, Hapoel. With shouts of "kill the Jews", and "the dirty Jew must die," the mob set after the fleeing Hazout. Spotting a lynching in the making, plain-clothes...
...many CEOs does it take to run a pan-European defense company? The answer is still two, for European Aeronautic Defence & Space Co. (EADS), owner of Airbus. And that might still be one too many. Delays in building the A380 megajet led to the ouster of EADS co-CEO Noël Forgeard as well as Airbus' top boss. Filling Forgeard's spot is Louis Gallois, head of France's railways, who will partner with EADS's remaining CEO, Tom Enders, a German. At Airbus, naming Christian Streiff CEO should placate two of EADS's largest shareholders, the French government...
...addition, travel on Western European trains is very reliable—ICE reports punctuality rates of 94 percent, just ahead of the pan-European Eurostar train’s 92 percent. European train operators have realized that few things annoy travelers more than transport delays. Amtrak has not. Its 77 percent on time rate puts it roughly on par with European and US flight punctuality. European trains also provide less quantitative benefits, including wireless internet, uninterrupted cell phone services, and something that planes will never have: Windows that open and fresh air. Unsurprisingly, while Amtrak stagnates in the U.S., more...
...reproduce their own versions of the U.S.'s tech-heavy NASDAQ exchange. After a few lackluster years, some, like Germany's Neuer Markt, fell out of favor and the survivors are lightly traded. More recently, market mergers have been all the rage - witness the so-far fruitless attempts by pan-European Euronext and Deutsche Börse to take over the London Stock Exchange (LSE). Now a new craze seems to be catching on as quickly as the latest mobile ringtone: small-cap markets. Euronext last week launched Alternext, its junior, Paris-based market for small firms, just a month...
...eroded more pan-European illusions. In 1971 France dropped its longstanding opposition to British membership in the Community, and Britain, along with Ireland and Denmark, formally joined in 1973. The expansion of a formerly tightly knit group offered enlarged economic possibilities, but also hampered cohesion. The original spirit of joint sacrifice splintered in frequent acrimony, especially after the two oil-price shocks of the decade weakened West European economies. By the early '80s, the once solid NATO consensus on defense also came under strain as a result of the drawn-out missile-deployment drama...