Word: euros
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While PIS leaders are avowedly Euro-skeptic, Polish public opinion remains staunchly pro-European (not surprising, perhaps, given the $6 billion in subsidies Poles receive from the E.U. each year). Moreover, whatever the rhetoric about the dangers of capitalism, Poland's economy is booming, with gdp growth topping 6% last year, and unemployment finally beginning to fall. In time, economic growth, if it continues, may take the edge off the fear-based politics that has taken hold in Poland. Back in Ozarow, Grazyna Bialowas admits that since her beloved factory closed, the town has actually improved, with a Best Western...
...Even if it doesn't, however, there's little chance U.S. officials will respond to the dollar's decline any time soon. David Naudé, euro-zone economist for Deutsche Bank in Paris, says there's absolutely no sign American authorities are ready to forsake the short-term trade benefits of what he calls "the policy of benign ignorance" toward the dollar...
...absence of a reversal from within the U.S itself, Naudé says about the only thing the European Central Bank can do to undercut the dollar's slump is lower its own interest rates to create a degree of inflation to counterbalance any further rise in the euro's value. But that does nothing to undercut its appreciation outside the euro zone...
...those reasons, Naudé predicts U.S. policy will eventually move to buck up the dollar against the euro and other currencies once again. Just don't look for that to happen any time soon - or as a result of European pressure...
...ever read: “it is quite apparent that the UC Party Grant program, in practice, has funded parties where the focus is on drinking.” Zounds! Dios mio! What a revelation! How narrow-minded our focus has been! Have you ever been to a super Euro-club where there is an open bar where no one is drinking but everyone has dilated pupils and is covered in sweat and somehow has energy to dance all night? Clearly, Pilbeam thinks that is what a Harvard party should be like, and Daisy be damned, I agree with...