Word: euros
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...Australian dollar jumped 2.6% vs. the greenback after the rate hike was announced. The U.S. dollar also continued to fall against the euro, which ended the week at $1.47, up 1.2% from before the Australian move. Like the Japanese yen, the dollar has effectively become a carry-trade currency. People borrow in the U.S. currency and use the proceeds to buy the Australian dollar, profiting from the interest rate differential and also the greenback's downward spiral. (See pictures of TIME's Wall Street covers...
...this week. Daly supplies wines to Drogheda's hotels and restaurants and says business has been "very tough" in the past year. "People may be unhappy with the government, but to punish them in the Lisbon vote would be the wrong thing to do. Being a member of the euro [currency zone] is what's got us through the crisis so far. I can't see Ireland surviving alone." (See 10 things you didn't know about money...
...talking about their desire to rekindle closer ties with their neighbors across the Rhine. Since the end of World War II the Franco-German relationship has been the motor of European integration, the driving force behind the creation of the European Union and, more recently, the introduction of the euro. But the ardor has cooled in this decade, particularly under Merkel, who has regularly struggled to conceal her irritation with French President Nicolas Sarkozy's grandstanding. Sarkozy, in turn, has often been impatient with what he considers Merkel's lack of resolve...
...atmosphere of this favorite party spot. For some old school Harvard flair, and a relaxed, chilled-out ambience, the Fly is the place to drink, smoke, and be classy.Honorable Mention: The SpeeIf you’re seeking a sweaty good time, the Spee is your spot. Known for its Euro Trash parties, the Spee is indeed the place to get trashed—and party like a rock star. But whether you come dressed up in costume or dressed down in jeans, the Spee is the place to shed your inhibitions. Shimmy off the calories from the bar by hitting...
...confirmation that showgirls were frequent guests at his dinners: "Of the males here, raise your hands who wouldn't want to eat in front of [beautiful women] instead of [less attractive] people." His denial of ever knowingly being involved in prostitution: "I have never paid a lira, a euro for sex. I say this also because, for those who love to conquer, the joy and the most beautiful satisfaction are in the conquest. If you have to pay, I ask you, what joy is there?" And finally, on his overall job performance: "I think that I am far and away...