Word: euros
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...floor, glass jars full of licorice root stick teetered precariously, and the whole store smelled like the deepest corner of a spice cabinet. Topor pointed out the same things that Ms. Tognetti had: the “real” Nutella in the glass jar, the impact of the Euro on the Salumeria, the less than desirable bresaola (air-cured beef) from Uruguay. The resonances between their favorite parts of the North End were almost as reassuring as the things I heard and saw while walking through the neighborhood. It was like stepping back into the 1930s, into a family...
...dollar hasn't been paying much attention, apparently. It has lost 41% of its value against the euro, its main global competitor, since Bush took office in 2001. And Paulson, when he's not busy battling financial crises here, can usually be found in China beseeching the authorities there to let their currency rise against the dollar...
What will the next six months bring for the American dollar? -Diana West, Memphis, Tenn.My guess is, the dollar will stabilize, to the huge disadvantage of the euro. The only zone where the dollar's value matters to us is the purchase of oil. If we weren't buying foreign oil, we wouldn't care about the value of the dollar...
...While this may seem beneficial for the European Union (EU), such a strong euro is not in the region’s best interest. Just as high prices may lead a backpacker to choose to venture elsewhere this summer, airlines considering Airbus planes and bankers wondering about BMW coupes and Château Lafite Rothschild wines may think twice before purchasing. In fact, Airbus’s parent company European Aeronautic Defence and Space Company announced this week its flagship plane, the A380, will cost five million dollars more starting next month, for it has always been quoted in American...
...year will be well above the two percent goal because of high commodity and energy prices. Even disregarding the Weimar Republic nightmares of the twenties, European bankers remember the dangers of stagflation in the late seventies, and the misallocating effects of irresponsible inflationary policies in continental Europe before the euro. After all, before being constrained by the ECB straightjacket, central bankers in countries like Italy gave in to politicians, expanding monetary policy and allowing growth in the short run. Overall, though, such policies only delayed needed reforms and stifled development...