Word: unioned
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Regulators in the European Union are trying to change the E.U.'s zero-tolerance policy. The region plans to adopt a common standard that would specify testing methods and establish thresholds for all food-related allergens. For instance, when it comes to gluten, the general consensus is that any concentration below 20 parts per million is too small to have a harmful effect, so new regulations would not require manufacturers to label foods that contain less than that cutoff...
...political leaders to prove they're serious about getting their countries' finances in order. In late January, S&P warned that it could downgrade Japan's sovereign rating if the new administration of Prime Minister Yukio Hatoyama doesn't rein in the deficit. In his January State of the Union address, President Barack Obama pledged to freeze discretionary fiscal spending for three years starting in 2011. "Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don't," Obama said. (See pictures of retailers which have gone...
...past is not helpful at all to solve the problems facing us in Europe today," German Foreign Ministry spokesman Andreas Peschke told Reuters, pointing out that Germany has already paid billions to Greece in the form of official reparations for World War II as well as bilateral and European Union assistance...
...accuse "foreign hands," more specifically Anglo-Saxons, for the Greek and Spanish crises, arguing that they have always hated the euro and are now using their hedge funds and media operations to bring it down. Some suggest that speculators are attacking the euro to block moves toward tougher European Union regulation of the market. Others, like European Central Bank chief economist Jürgen Stark, suggest people are perpetrating a ruse to hide the U.K.'s budget deficit. "It's astonishing to see where most of the criticism of the euro is coming from," Stark says. "Much of what they...
...compared Greece to an ungrateful child and Germany to an aunt who is never thanked for her gifts. He calculated that if all the aid Germans have given Greeks was added up, since 1981, Germans have given each Greek $12,200. In return, Wullenweber complained, Greeks swindle the European Union and retire early. "You are by far our most expensive friend," he wrote...