Word: internationale
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After a decade of overspending, Greece has fallen into a debt crisis. The country--which along with Portugal, Ireland, Italy and Spain is a member of the so-called PIIGS group of troubled European economies--is carrying a deficit close to 13% of GDP, more than four times the E.U...
What is the endgame here? Greece has big debts relative to the size of its $357 billion economy (about 120% of GDP). It no longer has the option of eating into those debts by inflating its currency. In fact, it has no power to use monetary policy to ease its...
Option No. 1 is domestic political suicide, and it might not be smart economics either; slashing government spending and raising taxes during a downturn could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a...
From his first concert series at the International Hotel in 1969 until his death in 1977, Elvis was Las Vegas. Glammed up in sequined duds that would make a showgirl or Liberace envious, he pleased his aging audience, singing his early hits that once had the musk of sexual revolt...
“There are all sorts of stars in the class, people who are doing things on a regional or a national or an international level,” he said. “The skating regimen is pretty relentless...I think what was required of her was pretty...