Word: euros
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...sharp rise in gold hoarding abroad has sent shivers through Europe's finance ministries. The free world's official stores of gold-in national treasuries and in the hands of such international bodies as the Inter national Monetary Fund, the Bank for International Settlements and the Euro pean Payments Union-fell by $40 million during the first nine months of 1965. That was the first such drop in ten years. The IMF figures that the missing gold has flowed into the hands of rich speculators in industrial countries, particularly France and secrecy-loving Switzerland. This amounts...
...that the unchecked inflow of U.S. dollars aggravated the Continent's inflation, are now warning that the cutback raises the danger of deflation. The Swiss franc and the French franc have weakened in relation to the dollar on international money markets, and the short-term lending rate for Euro-dollars-the $5 billion-plus hoard of dollars that is circulated by Europe's banks-has jumped from 41% to 5% as borrowers scramble for funds to finance expansion. In Australia, where the Sydney stock market suffered its sharpest fall in four years as a result of the curbs...
...African diamonds and $20 million worth of Manhattan's Pan Am Building. In a move symbolic of the new direction that London's princely bankers are now taking, Hambros has just announced that in partnership with the U.S.'s Meyers Bros. Parking System it will build Euro-park parking garages in major European cities, starting in Germany...
...partners). The British Rothschilds, who still are the world's most important bullion dealers, have started a factoring company, an investment advisory service and two mutual funds, are participating in a consortium to underwrite pay TV and in a group of Europe's gilt-edge banks called Euro-syndicat, which was organized to seize opportunities in the Common Market...
...proposed association were to be called "The European and Euro-American Association," would this group be discriminatory against Afro-Americans? Manifestly not. Most of the members of the group know as Afro-Americans have noticeable traces of European ancestry, e.g. the great variations in skin color. Therefore the inclusion of one race, the European, may exclude others, e.g. the Chinese, but it does not follow that it will exclude them...