Word: euros
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Dates: during 2000-2009
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...Economic Research, warns that Germany's solar industry will falter if current policy changes: "The major point of criticism says that [solar] is too far from being competitive. It's a political question of whether the country wants to keep subsidizing it." Utility companies must now pay 8.36 euro cents per kW-h to windmill owners; for solar, the price is far higher, at 51 euro cents. The utilities charge about 20 euro cents per kW-h, with consumers paying an extra 0.5 euro-cent charge per kW-h to fund green energy...
...Mercedes-Benz, VW can't charge the rich prices necessary to offset the cost of exporting from Germany. And unlike its German rivals, VW doesn't make cars in the U.S.--its one American plant shut in 1988--a problem given the dollar's slump versus the euro...
Once a haven for hippies, Marrakech has outgrown that phase along with its visitors. Today, it's a showcase of high design, mixing Euro cool with the medina's rich colors. The "new Marrakech" look is keeping local craftsmen busy: if you spy a piece[an error occurred while processing this directive] of furniture you like during your stay, most places will sell it to you and ship it back home...
...birthrate collapsed in the 1990s and has only now begun to turn upward again, helped by incentives including 15 months' maternity leave on full pay. And while the nation has prospered by linking its currency to the German mark in the 1990s and to the euro this decade, it is paying a price for not having a monetary policy of its own: it is very limited in its ability to bring inflation down from its current 5%. That rate is the only remaining impediment to Estonia adopting the euro as its currency. None of this has deterred investors. Foreign money...
...middle class longing to be homeowners themselves must often move up to 30 km from cities to find affordable housing. "There's some resentment over people being squeezed out," says Belmaheb, who has bought a new vacation apartment in the Residence Chatea complex outside Rabat. "But people know the euro is almighty." For their part, the emigrés don't want to ruin what they came for. "On the one hand, you fear this flow from Europe and development to cater to it may undermine things that make Morocco so special," says Billaux, the Rabat homeowner. "On the other...