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...Iceland sees the E.U. as a safe haven from the world's harsh economic winds. In particular, euro membership would allow it to ditch the crippled krona. The E.U. would gain a new member with similar values to its own, which would help strengthen its reach as a global power. In return, Iceland can expect accession talks to move at a double-quick pace. As a member of the European Economic Area (EEA), Iceland already has access to the E.U.'s single market. It is also part of Europe's border-free Schengen zone, and virtually all the other...

Author: /time Magazine | Title: Iceland's Urgent Bid to Join the E.U. | 7/17/2009 | See Source »

...independent investigating magistrates, some French legal practitioners say. They point to the two terrorism cases as proof of the vital role of magistrates, who perform an evidence-collecting function that has been central to France's justice system for over 200 years. Sarkozy's proposed reforms will shift investigative power from independent magistrates to state prosecutors, who, critics of the reforms fear, might end up paying more attention to the political interests of leaders than to justice. That could result in French justice bending to the whims of politicians as it did in the 1970s and '80s when magistrates found...

Author: /time Magazine | Title: Could Seven Dead Monks Upset President Nicolas Sarkozy's Bold Plans To Remake France's Legal System? | 7/16/2009 | See Source »

...interview in no small part because the network has been on the receiving end of what it complains are the autocratic tactics of Chávez, who critics say has undermined Venezuela's democratic institutions even though he's been democratically elected three times since taking power a decade ago. This month his government is set to revoke the licenses of a massive swath of private radio and TV stations and is promoting a bill to criminalize material deemed "offensive" or "destabilizing" - code, say opponents, for anything critical of Chávez and his "21st century socialism." (Chavistas insist...

Author: /time Magazine | Title: The Honduran Crisis: Making Chums of Chávez and Obama? | 7/16/2009 | See Source »

...report also offered some reassurance that perhaps the fudge factor isn't that big an issue. Electricity generation snapped back sharply in the second quarter, statistics show. Some analysts believe the drop late last year and early in 2009 was consistent with an economy in which heavy users of power, such as steel and aluminum factories, were slashing production is response to weakened global demand. Now, China's aggressive government spending has refired the furnaces...

Author: /time Magazine | Title: China's Economic Recovery Gathers Steam | 7/16/2009 | See Source »

...research was released by Russian human-rights groups. The report exhaustively documents atrocities committed by all sides during the two Chechen wars and concludes that there is sufficient evidence to demand that Putin, among other officials, be held to account for war crimes carried out while he was in power...

Author: /time Magazine | Title: Killings of Russia's Human-Rights Activists Continue | 7/16/2009 | See Source »

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