Word: economice
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The economic malaise of the E.U. and Japan has central bankers and bondholders worried. But it has currency speculators and arbitragers licking their lips at the prospect of riding the euro and yen on their downward slide, while at the same time making fat profits on high-yield investments and...
Is pinning the nation's future on a flock of eco-tourists realistic? Many say no. "F.S.M. is in economic desperation," says Haglelgam. "But I don't think this is the magic bullet."
The harsh tone from Beijing stings even more since the E.U. had hoped its new Lisbon Treaty - intended to create a more streamlined institution with a strong President and Foreign Minister speaking on its behalf - would ensure the bloc would have a bigger presence on the global stage. But China...
Back in Greece, the economic news is being followed with obsessive intensity. Widows in black are chattering about "the spread" - the premium investors demand to buy Greek debt - while the country's unions are mustering their strength, hoping to show the government they will not accept pay and benefit cuts...
Although polls show that Greek Prime Minister George Papandreou still has broad support for his economic plans, with about 65% of Greeks agreeing that painful measures are necessary to slash the deficit, many of the street protesters said they did not believe the government claims that it had run out...