Now the two sides are close to an agreement under which the Americans will make the waivers permanent and promise to eschew similar extra-territorial laws in future.

ECONOMIST: That awkward relationship

Well it's doubtful that France, with its strong Gaullist traditions, will ever surrender sufficient control over budget-making to a centralised extra-territorial authority (Brussels or Berlin, depending on where you think the power would in practice reside).

BBC: Has the eurozone flunked the market's test again?

Firstly, as this newly discovered 'blue gold' is mostly located in international waters, making it extra-territorial in international law, it can be argued that the genetic resources living in the deep sea belong to humanity as a whole and therefore ought to be exploited equitably.

UNESCO: MEDIA SERVICES