Word: european
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Since the start of the year, the 16 European nations that make up the euro zone have watched their currency plunge to an eight-month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...
...when one compares just how badly PC manufacturers and Microsoft have done in the past three years—for starters, bundling “crapware” with their store-bought PC’s that slowed them down to a virtual crawl, violating European antitrust regulations regarding software bundling, and prematurely cutting off support for Windows XP (the world’s most popular operating system), Apple looks pretty good in comparison. Oh, and did I mention Windows Vista...
...made two criticisms. First, she claims that Social Studies 10 has rejected “including gender theory or postcolonial theory on the course syllabus.” This is factually incorrect. Her second criticism is that by including only “white, European, heterosexual male theorists,” Social Studies is perpetuating an “ideology that we—all Harvard students—should not accept.” This she never proves...
...goal now, European officials say, is to try to contain the crisis to keep it from spreading beyond Greece's rocky shores by creating a so-called "firewall" around the country. In Berlin, officials said talks were underway about the possibility of offering loan guarantees to Greece and other heavily indebted eurozone countries, such as Spain and Portugal. Other governments have mentioned the possibility of buying Greek bonds from the primary or secondary markets. Finance ministers from the 16 eurozone countries held an emergency videoconference to discuss how to deal with the situation Wednesday, and the issue was expected...
...Papandreou's government is walking a difficult line. It's been trying to convince its European partners - as well as the global markets - that it is taking serious steps to cut state spending and tackle its deficit without causing civil unrest at home. But the choice may soon be out of Greece's hands, and Papandreou must know that any outside assistance is likely to come with strings attached...