Word: unioneering
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...future of Swiss banking secrecy, long a bone of contention among Switzerland, the U.S. and the European Union, also looks to come through this scandal unscathed. In a recent SBA poll, 91% of respondents favored the protection of their privacy in financial matters. "It's an expression of mutual trust between the Swiss state and its citizens," SBA's Nason says. "The government is able to secure its tax revenues without having to trample on privacy by demanding an automatic right of forced entry into bank accounts. The Swiss take great pride in this arrangement and reward it with...
...little-noted speech in London on July 11, European Union foreign policy chief Javier Solana - a key figure in the "Quartet" of the U.S., E.U., U.N. and Russia that is overseeing the peace process - said that if the parties were unable to bring the conflict to an end in the very near future, the international community would have to impose a solution. "The mediator has to set the timetable too," Solana said. "If the parties are not able to stick to it, then a solution backed by the international community should be put on the table...
...quarter of a century, Russia has been Europe's single biggest gas supplier, providing about a third of all the gas the European Union uses each year. But while the gas is cheap and plentiful, this arrangement has created an energy dependence that makes the E.U. vulnerable to Moscow's shifting moods. That was the case in January, when Russia tried to settle a payment dispute with Ukraine, its main transit country, by turning off the taps. In the three weeks it took to get the gas flowing again, Bulgaria's reserves ran out, Slovakia was forced to declare...
...that, with nothing to lose, the thwarted workers might actually explode them. "If we don't get what we're asking for, there will be nothing left of the factory for them to recover," say Guy Eyermann, a New Fabris staffer and delegate of the General Confederation of Labor union...
...protesters in the past, they may think twice about bending to the threats of blowing New Fabris sky-high. That violent ultimatum is only the most recent in a series of escalating acts of intimidation by French workers facing layoffs. Last April, French fishermen furious over the effect European Union fish quotas were having on their bottom line blocked traffic in and out of North Atlantic ports for two days until they were promised state aid. Recently, France has witnessed a series of so-called bossnappings, in which CEOs of firms are held hostage by employees until job-elimination numbers...