Word: euros
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Dates: during 1990-1999
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...month, all 11 countries, for the first time, cut interest rates simultaneously.) Sharp fluctuations in exchange rates would be a very unwelcome complication to this effort. So, Putnam predicts, financial technocrats will get involved. "Instead of getting wild swings, we may end up with fixed exchange rates" between the euro and the dollar, set by tacit agreement between the Fed and the Euroland bank...
...offseting part of the gargantuan deficit in exchange of goods. The trade deficit, or excess of merchandise imports over exports, will be roughly $350 billion. So the U.S. is spilling too many dollars into currency markets for the greenback to maintain its present value against most other moneys, euro or no euro...
LONDON: England may not be getting in on the euro, but it can still get with the economic program. The country?s markets got a boost Tuesday from widespread expectations that on Thursday, the Bank of England will follow closely in the week-old footsteps of the 11 euro-zone countries and cut short-term interest rates by as much as half a point. Why? For the same reason the rest of Europe joined hands in the first place: It?s no fun being...
...Europe is headed for an economic slowdown this spring -- that?s why the 11 euro-joining central banks made their last act a boldly coordinated interest rate cut that brought rates across the zone to 3 percent. England needs to follow suit or risk falling behind its trading partners -- high interest rates (in relation to its neighbors) would prop up the pound and slow down England?s exports, spelling recession for sure. England?s disdain for the euro pact means there will be a pound sterling next year. But if the Bank of England continues to follow the euro-zone...
...hyperconsciousness of the tribal is one of the functions of city life. Certainly it was for Pollock, and from it stemmed his abiding interest in the "totemic"--in mythic images that were either lost to modern, Euro-American culture or buried so far back in its origins that they seemed mysterious and exotic. Pollock in the late 1930s was a boy in deep emotional trouble, drinking like a fish and undergoing Jungian analysis. Like other Abstract Expressionists-to-be (Mark Rothko, for instance), he was on the lookout for archetypes and dark, unconsulted levels of feeling, in the hope that...