Word: euros
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...horrible thing that this is where our energies need to be pulled," says Cheri Sparacio, 37, the widow of Thomas Sparacio, a currency trader at Euro Brokers who died in Tower 2. In their modest house in Staten Island, littered with the toys of her twin two-year-olds, she explains why she sees the estimated $138,000 she would get from the fund as a cheap bribe. "The government is not taking any responsibility for what it's done. This was just one screw-up after another." She is also worried about her financial stability; in less than...
When the tiny Yugoslav republic of Montenegro (pop. 650,000) adopted the euro last month - replacing its official currency, the deutsche mark - the move was greeted in the capital Podgorica with near universal acclaim. With its sultry Adriatic breezes, cyprus-lined boulevards and busy sidewalk caf?s, the city already feels more a part of southern Europe than the benighted region known as the Balkans. And Montenegrins regard the euro as an important step toward further integration with the more prosperous countries of Western Europe. That goal, in fact, is the one thing everyone can agree on. Where Montenegrins differ, heatedly...
...horrible thing that this is where our energies need to be pulled," says Cheri Sparacio, 37, the widow of Thomas Sparacio, a currency trader at Euro Brokers who died in Tower 2. In their modest house in Staten Island, littered with the toys of her twin two-year-olds, she explains why she sees the estimated $138,000 she would get from the fund as a cheap bribe. "The government is not taking any responsibility for what it's done. This was just one screw-up after another." She is also worried about her financial stability; in less than...
...gets worse there and the yen continues to devalue, Japanese corporations will snap up market share, which could turn the American V into more of a U shape. Not all the gloom can be attributed to last year's attacks, though. Everything from the value of the newly launched euro to the collapse of the Argentine economy has antecedents that far predate Sept...
...Euro, as few leaders now deny, was a political and not an economic creation. A Federal Europe may still be a long way off but there now exists on the continent a strong belief that it is ultimately inevitable. The pitfalls inherent in a powerful European super-state, united by neither language nor culture, are clear for all to see. Yet, no one can deny that the Euro has been launched with political goals in mind, as well as, and perhaps instead, of economic ones. Those very same blue bills that seem so helpful to tourists may yet threaten...