Word: pan-european
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...rate will pay the full domestic rate of 33% from next year. The country is trying to fill budget gaps left by cuts in import tariffs and a 23.9% rise in first-quarter state spending. The French Concession Breaking an 18-month impasse, France dropped its opposition to pan-European pension funds. The reforms would loosen constraints on investments, moving the E.U. closer to its goal of creating a single market for European financial services. Rising To Stand Still European consumer and business confidence each climbed two points to nine- and 10-month highs, according to the European Commission...
...from 21% in 2000. Companies like Tyco International and Citigroup are jettisoning divisions; others, including GE, the Hilton Group and Motorola, are expected to offload units soon. In Europe, the market is smaller, but it's growing exponentially. According to J.P. Morgan, sales and spin-offs represented 8.2% of pan-European M and A activity last year, up from 2.8% in 1999. In the same period, Europe's entire M and A market nosedived nearly 60%. "Europe is probably in the second inning of spin-off activity, while the U.S. is already in the sixth or seventh," says Mark...
Difficult to tell. Even with national stolen IMEI databases on the way, a person who steals a phone in France could probably still use it - with a different sim card but the same IMEI number - in Germany, at least until a pan-European database for stolen IMEIs is constructed. Or until the rightful owners chance upon their property again - perhaps during a late-night visit to a cell-phone shop in Prague...
...same revenue-reduction fate could befall other sports-rights agencies. In Formula One, the fans seem to have sped away: viewing numbers for the motor sport have dropped about 5% since 1999. And both Greg Dyke, head of Britain's bbc, and Gerhard Aigner of uefa, which runs pan-European football competitions like the Champions' League, wondered whether the audience appetite for televised football had peaked...
...could find themselves fighting? The U.S. and Europe, says Hanson. He points ominously to "the specter of a pan-European state [that] seems to create unity among its members by collective antagonism and envy of the United States...