Word: euros
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Dates: during 2000-2009
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...Hollywood Golden Age couture. From 1964, when he captured Jacqueline Kennedy's attention and began clothing her in a monarch widow's blacks and whites, the little man with the slim, feline smile has outfitted a host of high-end one-name celebrities - Liz, Diana, Julia - and the Euro-royalty whose tastes influenced the decisions of retail buyers, country club wives and the more ambitious shopgirls...
...other side of the Atlantic, European Union governments have spurned entreaties to let funds flow into their staggering economies. "Europe has done what it needed to do," says Luxembourg Prime Minister Jean-Claude Juncker, who is also chairman of the 16-member euro zone, adding that the U.S.'s appeals "were not to our liking...
...total GDP (2.0% for 2009) - while the supposedly interventionist E.U. has struggled to scratch together programs worth 0.9% of its total GDP. The E.U.'s reticence is partly due to fears that piling up debts and deficits to fight the collapse in output and jobs could destabilize the euro zone. It also reflects Europe's confidence that its economies are more resilient to the banking and housing collapses that have hit the U.S., while its stronger social safety net can soften the political impact of rising unemployment...
...Kosovo also aims to join the EU, and it already uses the euro as its currency. It is, however, far from ready to join. It is still dependent on NATO security forces, and its economy is extremely weakâat least 40 percent of the population is unemployed...
...center of the drama is Maria-Elisabeth Schaeffler, 67, the grande dame of one of Germany's richest industrial clans. Last year she spearheaded her car-component company's dramatic 12 billion euro ($16 billion) takeover of a larger rival that left most of Germany breathless - but not quite with admiration. Such buyouts had more often been associated with predatory foreigners (e.g., Americans) than with fellow Germans. The audacious bid smacked of hubris to many Germans and angered labor unions, who warned that the Schaeffler Group was biting off more than it could chew. Indeed, it soon came under immense...