European Union

As Other Nations Lag, Europe Presses Ahead with Drastic Greenhouse Reductions

As Other Nations Lag, Europe Presses Ahead with Drastic Greenhouse Reductions
Europe is already a leader in environmental policy, but an upcoming vote on drastic greenhouse gas reductions would be unprecedented.
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Ukrainian Protesters Push Constitutional Changes That Would Weaken Presidential Powers

Ukrainian Protesters Push Constitutional Changes That Would Weaken Presidential Powers
Leaders of the anti-government protests that have gripped Ukraine's capital for more than two months say they will seek constitutional changes that will weaken the president's powers. The changes are expected to be discussed in a Tuesday parliament session that comes as Ukraine's political crisis wades through a stalemate
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Jim Heintz
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Bloc Party: Corruption Costs EU Over $162 Billion Annually

Bloc Party: Corruption Costs EU Over $162 Billion Annually
Corruption affects all member countries of the European Union and costs the bloc's economies around 120 billion euros ($162.19 billion) a year, an official EU report published Monday said. European Commissioner Cecilia Malmstrom said the estimated amount lost annually due to padded government contracts, covert political financing, bribes to secure health care and other corrupt practices would be enough to fund the European Union's yearly operating budget.
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John-Thor Dahlburg
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Iran Unplugs Parts of Nuclear Enrichment Program, US and Europe Lift Some Sanctions

Iran Unplugs Parts of Nuclear Enrichment Program, US and Europe Lift Some Sanctions
Iran unplugged banks of centrifuges involved in its most sensitive uranium enrichment work on Monday, prompting the United States and European Union to partially lift economic sanctions as a landmark deal aimed at easing concerns over Iran's nuclear program went into effect.
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Ali Akbar Dareini and John-Thor Dahlburg
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Franken-Foods Create Stumbling Block to US-Euro Trade Agreement

Franken-Foods Create Stumbling Block to US-Euro Trade Agreement
Genetically modified foods are creating a stumbling block between the US and European Union as they negotiate a massive free trade agreement. US companies would like to keep their lax regulatory structure, whereas European laws dictate strict labeling and compliance for any food that is genetically engineered.
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US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits

US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits
Shifting the burden of a major bank collapse from the blameless taxpayer to the blameless depositor is another case of robbing Peter to pay Paul, while the real perpetrators carry on with their risky, speculative banking schemes. The only way to truly prevent risky derivatives from blowing up in the economy's face is to prevent the risks in the first place, through regulation or, gasp, even bank nationalization.
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The Truth About CA Prop 37—Labeling Genetically Engineered Foods

I knew the battle over prop 37 would be heated, tough, and ugly. But I was not expecting biotech companies and food manufacturers to stoop as low as they have and spend a million dollars a day doing so.
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Google Antitrust Settlement in Europe Would Impact US

In May, the European Commission said it was concerned that Google was favoring its own services in search, copying material from websites of competitors without permission, shutting out advertising competition and placing restrictions on the portability of online search advertising campaigns from its platform, AdWords, to the platforms of competitors. Commissioner Almunia told the company to offer changes or face a formal statement of objections with the risk of fines in the billions of dollars. In Europe antitrust penalties can be imposed before a court proceeding.
Besides the the European antitrust investigation, the Internet giant faces antitrust investigations by the U.S. Federal Trade Commission and several states. Antitrust officials in Korea, India and Brazil are also looking into Google's business practices. A European deal could well serve as a blueprint for settlements with other authorities.
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