Word: kapitalizm
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...there was also a knowing embrace of the absurdity of it all. A popular Polish cartoon showed a man clutching a Polish flag stepping out of the jaws of a vicious-looking fish labeled Socjalizm and straight into the open mouth of an equally angry-looking fish labeled Kapitalizm...
...past few months, though, Kapitalizm's jaws have snapped shut. The global credit crunch has hit the economies of Eastern Europe hard. In Hungary and Latvia the International Monetary Fund has stepped in with emergency aid. (Latvia's government collapsed anyway.) Currencies have crashed, leading the European Central Bank to help Hungarians and Poles keep paying their foreign currency-denominated mortgages by pumping in euros. The fear now is that the region's banks could collapse, especially if Western banks yank credit lines to eastern subsidiaries. Such a move would be counterproductive. Western banks, particularly in places such as Austria...
| 1 |