Facebook claimed that it complied with the U.S.- EU Safe Harbor Framework that governs data transfer between the U.S. and the European Union.

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Many agree the more serious worldwide debt situation lies with the European Union and not the U.S. The EU debt situation remains fully bullish for gold.

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Many agree the more serious worldwide debt situation lies with the European Union and not the U.S. The EU debt situation remains an underlying bullish factor for gold.

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Schroeder, current president of the 15-nation European Union, convened a special EU summit Wednesday to meet with U.N.

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The European elites argued that the countries belonging to the European Union constituted a larger economy than the U.S. and that EU exports to the rest of the world exceeded U.S. exports.

FORBES: Euroflop

The European Union sovereign debt situation is being addressed by EU finance ministers, heads of state and even the U.S. Treasury secretary this week.

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It's also an opportunity to brief the President on issues of the European Union and the progress being made by the European Council, with particular reference to the EU-U.S. trade -- participation and free trade, to which the President referred in his State of the Union address.

WHITEHOUSE: The White House