Word: economice
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Others in Drogheda believe that a more fully integrated E.U. can only help stem Ireland's economic malaise. The unemployment rate sits at over 11% - more than twice the figure at this time last year - and is expected to reach 15% by 2010. In addition, the country's Central Statistics...
So far, it's unclear how deeply a new batch of sanctions against Iran would cut, particularly since the U.S. needs Moscow and Beijing as signatories if it wants the initiative to pack a punch. Russia and Iran have shared economic interests, and according to some estimates, China has some...
In a muscle-flexing response, Tehran announced that its Revolutionary Guards had conducted new tests of medium- and short-range missiles - a sign that the threat of further sanctions didn't seem to have made much impact. For one thing, Iran has been dealing with such restrictions since the Islamic...
The first known use of economic sanctions took place in 432 B.C., when Athenian officials, irked by the assistance the Greek state of Megara had afforded its rivals in Corinth, banned Megaran merchants from its ports. The move didn't go over very well - instead of reasserting Athenian supremacy, it...
The practice has had some successes: President Dwight D. Eisenhower defused a row over the Suez Canal with economic sanctions against Britain; Swiss banks were forced to pay reparations to Holocaust survivors when faced with a boycott, led by some U.S. states, for harboring pilfered assets; and stiff sanctions helped...