Word: euros
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Dates: during 2000-2009
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That kind of attitude has long characterized so-called Euro-skepticism. But Ganley's money and political ambition has some rattled. Like other Euro MPs, British Liberal Democrat member of the European Parliament Andrew Duff dismisses Ganley as a rabble-rouser out for publicity. "It's utter balls to say he represents democracy," Duff says. "Scratch the surface and you'll discover he's a demagogue and a Europhobe." But Duff is also worried that Ganley could appeal to disgruntled European voters. "There is a real danger that this simplistic populism will strike a chord with voters that are profoundly...
...does boast some funny characters and a killer soundtrack, but the plight of the protagonist is taken too seriously, and “Superbad” fans might be disappointed to see the fun they love drained by unconvincingly tragic elements.James Brennan (Jesse Eisenberg) is planning a summer Euro-trip with his affluent roommate before he packs his pencil for Columbia’s journalism school. Catastrophe strikes, however, when Dad is demoted and can’t foot the vacation bill. For the first time in his life, James has to find a job. No self-indulgent European jaunt...
...This is where the euro should come in. Europe’s currency is a true financial miracle—when it was created just over a decade ago, everyone thought it would fail. Milton Friedman famously predicted it would be a disaster, and the Bank of England had stress scenarios that foresaw a similar end to the monetary experiment. Yet, over ten years later and despite the fact that it was created with a political rather than economic agenda, the currency remains alive and arguably very strong. As with most things in life, adopting it involves a trade...
...Czech Republic, Hungary, and Poland are all scheduled to go ahead with a rather long process of monetary convergence in order to join the euro, overseen by the ECB. But, as it turns out, the current crisis renders impossible many of the conditions implicit in the plan, particularly when it comes to fiscal balance (which everyone is throwing by the wayside) and indebtedness (which has been a problem for a long time in the region). The problem is significant because, if things continue deteriorating, it may pull the region farther and farther away from Europe, in a way that could...
...part of the “value proposition” offered by the West after the communist grip on the region collapsed. It has arguably brought strengthened institutions, representative democracy, and better respect for human rights. Even though these countries may not be technically ready for the euro just yet, the ECB should push for its adoption in order to further integrate nations like Hungary and Poland. Only Europe can deliver them from a potentially catastrophic confidence crisis that would set them back years, if not decades...