Word: francs
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...revolution brewing in Europe, and it could hit you right where it counts: in the pocketbook. On Jan. 1, the currencies of 11 European Union countries will be officially replaced by a central monetary unit called the euro. It will take three years for the old deutsche mark, franc and lira coins and bank notes to disappear, but in less than two months their values will be pegged to that of the euro. And savvy U.S. investors are moving to take advantage of investment opportunities offered by the new currency...
...York helped to recoup around half those losses. Still, nobody is able to put the ruble's woes completely out of their mind. The price of gold is now the lowest it's been since 1980, as traders fearfully anticipate a flood of cheap Russian bullion. And the Swiss franc seems about the only safe currency left on the continent...
...Parisian youths may be turning into hooligans, but at least the pilots have stopped acting like high-paid crybabies. Wednesday's deal means the highest-paid workers in France will start flying again, albeit with an agreement to take a 50,000-franc ($8,350) pay cut and accept a percentage of the company in return. For its part, Air France scrapped a two-tier pay system and promised the pilots that this is not the slippery slope to privatization. All well and good, but the fans still trapped at home by the World Cup carrier's strike will still...
JAMES LAMB, president of Spink America, coin subsidiary of Christie's New York: "The French franc has been a well-designed and elegant little coinage that's always had a certain class...
REPRESENTATIVE MIKE CASTLE, chairman of the House subcommittee that's overseeing new U.S. quarters: "The French franc notes have elegant characteristics, stylish formatting, intricate watermarks and incorporate excellent history lessons...