Word: european
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...Reviewing Claude Lanzmann's 9 1/2-hour documentary Shoah in TIME in 1985, I asked, "Why is this holocaust different from all other holocausts? In raw nightmare numbers, the Nazi extermination of 6 million European Jews ranks below the Soviet Union's systematic starvation of the rebellious Ukraine in 1932-33 (10 million by Stalin's count) and Mao's catastrophic Great Leap Forward into prolonged famine in 1957-62 (at least 27 million). Uganda and Kampuchea have produced more recent evidence" - alas, the examples of Rwanda, Bosnia and Somalia could subsequently be added - "that Hitler's policy of mass murder...
Europe's single currency has come of age early. The euro turns 10 on Jan. 1, a milestone for one of the most powerful symbols of European identity. It has already endured a rite of passage over the past few months, as the global financial crisis battered European markets yet failed to fluster the euro. And, like any debutante, it has its suitors: a string of countries lining up to dump their national currencies and join the euro zone...
...European Commission president José Manuel Barroso credits the euro for delivering lower inflation, lower interest rates and greater price stability, and helping to create 16 million jobs. More immediately, the euro is shielding member states in this time of economic turmoil, preventing a currency crisis in addition to the credit crunch. "The euro is sheltering businesses from the exchange rate volatility, which has battered them in previous downturns," Barroso said on Monday. "To put it simply, the euro works...
...Still, the rest of Europe will be watching closely. "Older member states want to see if a former Warsaw Pact country can be counted on for this responsibility," says Andrew Duff, a British Liberal Democrat member of the European Parliament. "If the Czechs screw up, it would strengthen the French-led arguments for a directory of big member states to take over the management...
...just because the current Czech government is led by Euro skeptics doesn't mean they might not have good ideas. "The Czech government could rise to the challenge nonetheless," says Hugo Brady, from the Centre for European Reform, a London-based think tank. "As a small country, it is used to making deals, so it knows about the art of compromise...