Word: euros
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Dates: during 2000-2009
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...plan could be remembered as the boldest E.U. initiative since the launch of the euro in 1999. It not only sets ambitious targets for the use of renewable energy, but would also force European companies to buy permits for greenhouse gas emissions. The plans are expected to cost the E.U. around $88 billion a year, and many European industries have already warned that the measures could force them to shut down...
...exchange rate remains a contentious issue. Since China's currency, the yuan, was delinked from the U.S. dollar in July, 2005, it has appreciated about 14% against the greenback. However, because of the declining international value of the dollar, the yuan has depreciated by some 6.4% against the euro. This has made the Europeans very unhappy. Their trade deficit with China is now also very large...
...probably says everything about his current place in history that the former Labour Prime Minister of Euro-skeptic Britain, Tony Blair, chose to kick off his unofficial drive to become the European Union's first president by seeking support from conservatives in Euro-enthusastic France. Suffice to say that he may find the road to the E.U. presidency a bumpy one, as his weekend sojourn in Paris proved...
Ratan Tata emphasized that the new car complies with India's emissions laws and even with Europe's much stronger Euro 4 standards. Emissions, Tata says, are "lower than a scooter's today". The company claims the car will also deliver 50 miles per gallon, or better than 20 kilometers per liter, which would make it one of India's most efficient vehicles, and vastly more efficient than the average in the U.S. Chief U.N. climate scientist Rajendra Pachauri, who shared last year's Nobel Peace Prize with Al Gore, said recently that he was "having nightmares" about...
...French experts predict the plan is likely to hit French Internet access providers with a small, universal per-client tax each month. A flat monthly surtax of just one euro on each of the nation's 16.1 million Internet accounts would raise around $290 million per year - or nearly 25% of the $1.2 billion in annual revenues public TV will lose to an advertising ban. It is conceivable, at least, that the monthly tax could go even higher without incurring too much consumer fury, since France currently enjoys one of the cheapest ISP markets in the developed world. Average monthly...