Word: euros
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...Spain - bear with them the weight of heightened national expectations. (Spain, Portugal and Holland have never won the tournament and England hasn't raised the trophy since 1966.) Less-heralded sides with a bit of luck may find themselves surging into the tournament's latter stages. (See pictures from EURO...
...pictures from Euro...
...eliminating the murky morass of trade barriers that impedes commerce. A model to emulate would be the establishment of the E.U., which made it far easier for companies to import and export their goods within Europe, says HSBC's Webb. Establishing a common Asian currency similar to the euro would allow companies to ship goods or arrange credit with less exposure to currency risk. "A barrier to trade over the last year in Asia has been fluctuating currencies," Webb says. "For a small- to medium-sized business, it could mean the difference between profit and loss...
...other words, he is 50% Swiss, and that makes him all Swiss. A not-dissimilar legal privilege is extended to Swiss watches, which can only claim the celebrated tag "Made in Switzerland" if at least 50% of their production costs are incurred in the country. (See pictures from EURO 2008, which took place in Switzerland and Austria...
...value. "Unchecked greenback emissions will certainly cause the purchasing power of currency to melt," the sage of Omaha wrote. "The dollar's destiny lies with Congress." Richard Portes, a professor of economics at the London Business School, believes that central banks will increasingly see other currencies, especially the euro, as more reliable storehouses of value. "The idea that there is no place to go is wrong," Portes says. If that's the case, the dollar better hope it has even more lives than a cat. - With reporting by Yuki Oda / Tokyo...