Word: euros
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...Reyes appears to be but one sunny page in Spain's storybook economic transformation over the last generation. What was once a diffidently autarchic appendage to the Continent has become an important economic locomotive for all of Europe. Spain's economy grew 3.4% last year, over twice the euro-zone average, and is expected to best the average again this year by a full percentage point. Spanish companies like phone-giant Telefónica, construction and infrastructure consortium Grupo Ferrovial, real estate developer Metrovacesa and financial conglomerate Santander Group have become Continent-wide - and even global - players. Last week Ferrovial...
...resort town is dirt-cheap, but Cannes has been getting more expensive - cher, as the French say - through no fault of its own. The Euro, whose exchange rate five years ago was under a dollar, is now a pricey $1.28. Don't despair. You can find many an excellent dinner for less than $40. And your transportation budget, except for getting from the Nice airport to Cannes and back, is exactly zero. Every hotel is within walking distance from every screening and nearly every party. For the rare out-of-town soiree, you ride with the other press types...
Nike is keeping its ambush plans for Germany under wraps, but Adidas has already manned the ramparts. The company is building a 10,000-seat stadium near the Reichstag, Germany's parliament, in downtown Berlin to attract fans during the Cup. For a 1-euro ($1.25) entrance fee, spectators will be able to watch games on a big screen, test their skills at soccer stations and attend concerts. On the airways, Adidas scored a major coup by shutting out Nike ads on U.S. English-language broadcasts of the games. The company will also be the sole footwear sponsor on three...
...with an eye toward the future, according to the society’s website. The society seeks a winner “from whom continued high-caliber scientific work can be expected in the context of an international cooperation.” Winners receive a 750,000-Euro prize intended to fund future research. Payne said her upcoming book, “Modern Architecture and the Rise of a Theory of Objects,” will look at buildings and monuments from the mid-nineteenth and twentieth centuries, focusing on the German-speaking world including Germany, Austria, and Switzerland. Although...
...habits. Today, as in the past, the naysayers are hardly a homogeneous group. They include blue- and white-collar workers threatened by globalization, who increasingly abstain from voting or vote for the extreme right; small-business owners crushed by bureaucracy; the middle class, which overwhelmingly said yes to the euro but no to the constitutional treaty on Europe; and the country's youth, who will live less well than their parents, or so 60% of French people believe. It's an explosive situation. In the best scenario, it will lead to a rupture of a bankrupt social model. At worst...