Supersymmetric Models with Approximate CP

Supersymmetric models with an approximate CP, $10^{-3} \lsim \phi_{CP} \ll 1$, are a viable framework for the description of nature. The full high energy theory has exact CP and horizontal symmetries that are spontaneously broken with a naturally induced hierarchy of scales, $\Lambda_{CP} \ll \Lambda_{H}$. Consequently, the effective low energy theory, that is the supersymmetric Standard Model, has CP broken explicitly but by a small parameter. The predictions for other CP violating observables are very different from the Standard Model. In particular, CP violating effects in neutral B decays into final CP eigenstates such as $B \to \psi K_{S}$ and in $K \to \pi\nu\bar{\nu}$ decays are very small. This framework, though, is strongly disfavored by the recent measurements of $\epsilon^\prime_{K}/\epsilon_{K}$.