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That kind of talk has mobilized political leaders across Europe - many of whom are now screaming for European Central Bank (ECB) authorities to intervene with measures to bring exchange rates back into balance. French President Nicolas Sarkozy in particular has been scathing in his demands that the ECB drop its obsession with controlling inflation and, instead, introduce measures that would allow European economies to expand faster. As part of that, the French are calling on the ECB to reduce its benchmark lending rate of 4% in much the way the U.S. Federal Reserve has in the past months. That move...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

...French officials have gone so far to suggest they'd invoke an article of the treaty the euro was founded upon allowing national governments to impose policy regarding currency exchange on the ECB. True to form, ECB president - Frenchman Jean-Claude Trichet - remains singularly unimpressed by the pressure from politicians. In an interview with the weekly Le Point Thursday, Trichet admitted being "worried by the excessive exchange rate movements". But he reiterated his inflation-fighting position that "we'll take the necessary decisions to insure price stability in the medium-term [which] is what our mandate is" - and not cave...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

Messier also advised Merrill Lynch Global Private Equity and the New York City-based private-equity firm Clayton, Dubilier & Rice in their $5 billion purchase of electrical equipment distributor Rexel, and he counseled computer-services company Unilog in its $1.1 billion sale to Britain's Logica. Other clients include French heavyweights Lagardère, PPR and Schneider Electric...

Author: /time Magazine | Title: Re-Visionary | 3/13/2008 | See Source »

...considered properly popular unless he is admitted to the company of Madame Tussaud's celebrities," the attraction's eponymous founder, the French-born Marie Tussaud told the British periodical Punch in 1849. But she couldn't resist including a smattering of unpopular characters, too. The so-called Chamber of Horrors still displays an anonymous Sans-Culottes standing close to the decapitated heads of some of the French Revolution's aristocratic victims. Nearby a lifeless Jean-Paul Marat bleeds into his bath...

Author: /time Magazine | Title: Fearful of Waning, Gordon Brown Seeks Waxing | 3/12/2008 | See Source »

...Cheney don’t seem like lascivious types, but it may be that this potent combination of sexual sublimation and free time in fact explains the administration’s misguided Iraq adventure. As the Athenian women in Aristophane’s Lysistrata and today’s French know all too well, more time fucking means less time for fucking up the world...

Author: By David L. Golding | Title: Puritanical America, J’Accuse! | 3/11/2008 | See Source »

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