Word: euros
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Dates: during 2000-2009
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...with an eye toward the future, according to the society’s website. The society seeks a winner “from whom continued high-caliber scientific work can be expected in the context of an international cooperation.” Winners receive a 750,000-Euro prize intended to fund future research. Payne said her upcoming book, “Modern Architecture and the Rise of a Theory of Objects,” will look at buildings and monuments from the mid-nineteenth and twentieth centuries, focusing on the German-speaking world including Germany, Austria, and Switzerland. Although...
...habits. Today, as in the past, the naysayers are hardly a homogeneous group. They include blue- and white-collar workers threatened by globalization, who increasingly abstain from voting or vote for the extreme right; small-business owners crushed by bureaucracy; the middle class, which overwhelmingly said yes to the euro but no to the constitutional treaty on Europe; and the country's youth, who will live less well than their parents, or so 60% of French people believe. It's an explosive situation. In the best scenario, it will lead to a rupture of a bankrupt social model. At worst...
When Italian manufacturers ran into competitive problems in the past, there used to be an easy fix: currency devaluation, which made Italian exports cheaper relative to those of other countries. But that solution is no longer available, because Italy swapped the lira for the euro, which has risen against most other currencies, including the dollar. "We used to say small is beautiful, but that's no longer true," says Adalberto Valduga, president of the regional chamber of commerce in nearby Udine, the provincial capital. While the strong euro is penalizing firms, he says the real challenge is a more fundamental...
...last five years, the Euro area, comprised of the 12 EU countries that have shared a common currency since 1999, has been incomprehensibly ruled (by the “stability and growth pact” and the European Central Bank (ECB)) like a collection of competing small economies, open to trade and investments but closed to macroeconomic stabilization and increasingly resorting to tax and social competition. The result has not only been slow regional growth and persistent unemployment but also growing divergence among member states and rising political tensions. The ECB, the most unaccountable central bank in the world...
...Some calamity. Some sissy. Hedrick, the Texan known as "The Exception" for his twang and hard-charging lifestyle in an often stodgy Euro-centric sport, won America's first gold medal in Torino on Saturday, finishing the 5,000-meters in 6:14:68, just two-hundredths behind the Olympic record. "She gave me a little extra push today," Hedrick, a Houston native, says of Geraldine. "I could just feel it." One down, four to go: Hedrick, who is chasing Eric Heiden's record five speed skating gold medals, will next race on Wednesday, in the Team Pursuit...