  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
$\epsilon_{K}$ parameter is accounted for by supersymmetric contributions. 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 $\epsilon^\prime_{K}/\epsilon_{K}$.
