====== TTP97-32 Current Issues in CP Violation ====== A brief review of CP violation in $K$ and $B$ decays is given. While the observables $\varepsilon$ and Re$(\varepsilon'/\varepsilon)$ describing CP violation in neutral $K$ decays do not allow a powerful test of the CKM mechanism of CP violation, rare $K\to\pi\nu\overline{\nu}$ decays and in particular the $B$-meson system are much more promising in this respect. After a brief look at the $K$ system, selected aspects of CP-violating effects in $B$ decays are discussed. It is pointed out that combined branching ratios for $B\to\pi K$ modes, which have been observed recently by the CLEO collaboration, may allow to derive stringent constraints on the CKM angle $\gamma$ that could open a window to new physics. |**Robert Fleischer** | |** Proceedings of the 5th International Conference on Physics Beyond the Standard Model, Balholm, Norway, 29 Apr - 4 May 1997. Edited by G. Eigen, P. Osland, B. Stugu. AIP conference proceedings 415, Woodbury, 1997, p. 156-167. ** | | {{preprints:1997:ttp97-32.pdf|PDF}} {{preprints:1997:ttp97-32.ps|PostScript}} [[http://arxiv.org/abs/hep-ph/9708387|arXiv]] | | |