Word: euros
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...report says that many parliamentarians have claimed expenses for family members or transferred funds to firms that seemed to have no purpose beyond receiving them. Although the report does not say how much of the 150 million-euro ($230 million) annual staff fund is abused, the allegations of fraud appear to extend to parliamentarians across the political spectrum and from all 27 E.U. member states...
...nature of the economic crisis and reiterated that they are better equipped to handle future problems. "We've reduced the public debt and increased the surplus," says Socialist Party campaign director Oscar López. "And we've shown, by raising the minimum wage, and by offering a 400-euro rebate to all tax payers, that we know how to help Spanish families...
...business in London while settling in Monaco, the city-state famous for sunshine, glamour and zero tax on income or investment gains. Belgium, where some assets are exempt from capital-gains tax, is peppered with wealthy French escaping a tax rate that can top 40%. And Luxembourg, the euro zone's biggest private-banking center, attracts wealthy foreigners by exempting their investments from...
...euro currency has even more varieties. There is one version of the common European side for each of the eight coins in legal tender (although a new design was introduced last year to reflect the E.U.'s 2004 enlargement). But each of the 15 Eurozone countries has its own obverse, or national side, creating a total of 120 different coins in circulation. Added to that are the commemorative editions, and those produced by microstates San Marino, the Vatican City and Monaco...
...special two-euro adds to the array of coinage. But while it may quicken the pulse of coin collectors, it is unlikely to cement any collective European character, says Hugo Brady from the London-based Centre for European Reform think-tank. "The E.U. cannot manufacture a European identity through stunts," he says. "It's well intentioned, but I don't think it will resonate with the public at large. The E.U. institutions work best when they are efficient. When they try to get people to love them, the response is bemused befuddlement...