Word: euros
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Dates: during 2000-2009
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...ratcheted up rates 12 times since June 2004. Trichet's comments calmed financial markets, but they didn't satisfy Continental politicians who accused the bank of jeopardizing Europe's nascent recovery. "I regard this interest rate move as too early," said Jean-Claude Juncker, chairman of the group of euro-zone finance ministers. He disputes one of the bank's key arguments: that the current abnormally high inflation rate of 2.5%, driven in part by oil prices of over $60 bbl., will spark demands for higher wages that will set off a cycle of price increases. ECB officials point...
...yuan) loose. After an initial 2% adjustment against the dollar, the yuan has traded within a very tight range over the subsequent four months. As the dollar has gone up, so has the Chinese currency. So far this year, the yuan has appreciated nearly 20% against both the euro and the Japanese yen. Consequently, while the U.S. continues to urge Beijing to allow its currency to strengthen versus the dollar, the yuan has already strengthened against most other currencies. Why should China bow to the U.S. and compound the already serious currency risks bearing down on its exporters...
...York book ($16.95) is Michelin's first guide to restaurants outside Europe. It's more colorful and comprehensive than Euro editions; all starred restaurants receive a two-page spread, including a recipe, which will become the new format for all Michelin guides. Its classy feel is marred only by the occasional ad for tires and other Michelin products...
...particular seems like it could have come straight from a Coldplay set. The album’s title itself, “Intensive Care,” suggests that Williams is using his own music as therapy. This self-conscious introspection helps to distinguish him from the Euro-pop he descended from. Let’s hope that Chris Martin hasn’t entirely cornered the introspective British lads in America market...
...That Madonna’s latest video is such a blatant plea for urban legitimacy is all the more baffling given the fact that her upcoming album “Confessions on a Dancefloor” is being publicized as a Euro-techno romp and the song itself bears as little relation to hip-hop as the average 50 Cent track does to, well, Madonna...