Word: european
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Dates: during 1960-1969
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After spending a few days in the hospital, Ford spent two weeks resting in a Vermont farmhouse, where he read page proofs for a book on European history...
After playing in oblivion for the first 30 years of his career, George Lewis became so popular in Europe that the arrival of his band was sufficient to touch off riots. There were maybe a hundred European jazz bands trying to copy the Lewis sound. Even young men in Italy, Australia, and Japan were crowding around their record players, religiously copying all the Lewis imports they could get their hands...
...uses to which they are put. Thus the expatriate dollars are extraordinarily sensitive to the gyrations of monetary supply and demand. They race across national boundaries in response to tiny changes in interest rates, and their existence complicates government efforts to curb currency speculation. It is hardly surprising that European moneymen have come to regard the Eurodollar as a genie that has somehow escaped from its bottle...
...Eurodollar amounts to a new and highly controversial form of international currency. Last week in Strasbourg, Vice President Raymond Barre of the Common Market warned the European Parliament that Eurodollars have become "one of our continent's top-priority problems...
Nordek will introduce a third grouping into the European economic picture. With a population of 21 million and a combined gross national product of $50 billion, the four countries already constitute the European Common Market's second largest customer after the U.S. Under Nordek, they will remain in the seven-member European Free Trade Association,* through which four-fifths of intra-Scandinavian trade currently passes duty-free. They plan to establish a customs union that will free all trade among Nordic countries and enact common external tariffs against non-EFTA members. Most important, they will work toward closer economic...