Word: ermes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...this—the breakdance fight fails to amuse. As does the computerized bowling ball that systematically bounces through another gang in a “Fight Club”-esque garage. The video even falls flat when Fergie brushes back two members of another gang with her, erm, lady lumps. Perhaps that has something to do with the frenetic editing, which never allows you to focus on the interesting moments. After all, there is a reason that these commercials are usually only 30 seconds: much longer—in this case four minutes—and you wind...
...selling pounds, the British government responded by raising interest rates 2 percentage points to attract buyers. Soros saw this as "an act of desperation. It encouraged us to continue selling sterling even more aggressively." He sold all his holdings that afternoon. By evening sterling had been forced from the erm. He scooped up $1 billion from that escapade and became known all over the world as the Man Who Broke the Bank of England...
Last month denial became impossible. Europe's exchange-rate mechanism exploded, and somewhere in the rubble lies Maastricht. What happened? The ERM tied E.C. currencies to the German mark. But much of Europe -- notably Britain and Italy -- was unable to keep up. The German central bank had jacked up interest rates to dampen the inflation caused by huge deficit spending on eastern Germany. The weaker E.C. countries had a choice: a) match Germany's high interest rates and risk both deep recession and political suicide; or b) drop out of the ERM. Not surprisingly, they chose...
After the ERM debacle, it is clear that the grand vision of a federal Europe is an illusion. What then does Europe...
...highest officials of the British government have accused Germany of a "whispering campaign" and conspiracy to push the pound sterling out of ERM. They have also charged that this campaign is part of a "secret pact" between the French and German governments to go ahead with Maastricht over the objections of their European partners, not to mention substantial sections of their own populations...