Word: krone
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Dates: during 1990-1999
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...JULIE KRONE...
...rates, dropping its key Lombard rate from 9.5% to 9% and discount rate from 8.25% to 8%. The surprise move defused the latest crisis in Europe's linked exchange-rate system caused by a 10% devaluation of the Irish punt and a fierce attack by speculators on the Danish krone, one of Europe's strongest currencies. The rate cut also buoyed the sinking British pound, which last year was forced completely out of the currency grid by Germany's high interest rates. The action should lead to similar cuts in other European countries, ravaged by high unemployment and tottering near...
Italy dropped out the next day, promising an early return. As the tumultuous week ended, speculators turned their attention to the French franc, the Irish punt and the Danish krone, all of which neared the bottom of their permitted range in the E.C. exchange mechanism...
...hasn't even been two months since this began," said Phil Krone, co-chair of the National Draft Cuomo Campaign. The Chicago-based organization held its first large event this past Sunday--an afternoon rally at Notre Dame College here. Krone addressed an overflow crowd...
...feel sure that the people of New Hampshire are thinking, and they will use pencil-power on Tuesday," said Krone, as the behind him struck up the first few chords of the theme to the motion picture Rocky...