Word: european
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...breakup of the European monetary union possible? I don't see that as being likely, but the probability of that eventually happening is rising. Right now, we are facing a situation in which many countries now have banking systems that are too big to fail and also too big to be saved. If Ireland or Greece go bust, then there is already a commitment from the Germans and French to, one way or another, bail them out. But if you have to rescue on top of them Austria and Italy, Portugal and Spain, and Belgium and the Netherlands, then that...
Relative calm returned to global bourses Tuesday following Monday's battering. Asian markets closed slightly down, while European indices reflected modest opening gains. But many observers see Tuesday's lull as little more than a break between rounds in a particularly brutal boxing match. "The markets certainly got a breather today," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong, of Tuesday's respite. "(But) I believe it will be short-lived...
...Most European markets opened to small gains Tuesday, before wavering between green and red. By noon, London's FTSE 100 was down 1.2%, Paris' CAC was up 0.35 %, and Frankfurt's DAX was virtually flat...
...next launch could be tipped with a less palatable cargo. But, even though the launch does raise some concerns about Iran’s military potential, the United States should continue to pursue an even-handed strategy of engagement with the Islamic Republic. In particular, plans for a Central European missile shield should be shelved until further notice...
...operations. The dirt-poor country has few natural resources and only 1.6 million people. And there are dozens of remote tropical islands, with about 24 airfields built during colonial days. There the traffickers flew small aircraft, dropping hundreds of pounds of cocaine almost weekly direct from Colombia. According to European Union drug reports, the cocaine was then smuggled in small quantities into Europe. The government in Bissau has had little means to prevent the smuggling, and almost no patrol boats with which to watch its coastline...