Word: euros
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Dates: during 2000-2009
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...Iceland sees the E.U. as a safe haven from the world's harsh economic winds. In particular, euro membership would allow it to ditch the crippled krona. The E.U. would gain a new member with similar values to its own, which would help strengthen its reach as a global power. In return, Iceland can expect accession talks to move at a double-quick pace. As a member of the European Economic Area (EEA), Iceland already has access to the E.U.'s single market. It is also part of Europe's border-free Schengen zone, and virtually all the other...
...Even the touchy subject of fishing rights could be overcome. Iceland has long jealously guarded the sovereignty of the lucrative, 200-mile (320-km) fishing zone around the island. Fish and seafood account for 37% of Iceland's exports, and employ 8% of the work force; even ardent Euro-enthusiasts are loath to see their prime natural resource fall under the sway of the E.U.'s controversial Common Fisheries Policy (CFP). But while Reykjavik cannot expect an exemption, it could negotiate special protocols to take account of the importance of the fishing sector to the nation...
...some places, the crisis has actually helped stimulate business. Ukraine's currency, the hryvnia, has lost about 35% of its value against the dollar and euro since the start of the downturn, a change that experts say is likely to boost the country's growing tourism sector and thereby the number of visitors willing to pay for a thrill. "The country is becoming a paradise for sex tourism before our eyes," says Yuri Lutsenko, Ukraine's interior minister, who worries about the trend. Police experts forecast that Ukraine's sex industry will more than double its revenues this year, generating...
...just the merest pretext for stringing together provocations. At the beginning, Brüno is the hip-cocking host of Funkyzeit, a late-night Austrian TV show that tours the world of style. When he wrecks a runway show and ends up shunned by the Euro-fashion crowd, he lights out for the Middle East, Africa and the U.S. to become "the biggest Austrian superstar since Hitler." At which point Brüno becomes, again like Borat, a road comedy, the odyssey of an outlandish man whose greatest talent - actually, his only talent - is to bring out the worst...
Read "Is the Euro the New Dollar...