Word: mattering
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...amazing how little worried the Europeans are about the euro," Tyson said, pointing to two controversial areas: the European Central Bank's relatively tight monetary policy and the E.U.'s battered Growth and Stability Pact, which long required governments to limit their debt and budget deficits. Exchange rates matter, she contends. The past 10 years were "a lost decade" for Germany because--among other reasons--the former West Germany reunified with the former communist East Germany at an exchange rate that was too high. "How many times do you go through this?" she asked, incredulously...
...this high-tech prowess is a matter of necessity. MeritaNordbanken controls about 40% of Finland's banking market, so a merger with another domestic bank to cut costs was out of the question on antitrust grounds. Merita therefore embarked on a two-pronged strategy: use mobile and Internet technology to cut overhead, and become Europe's most aggressive bank in expanding across borders. In April it completed a merger with Denmark's Unidanmark three years after Merita joined forces with Sweden's Nordbanken. The deals have made Merita the largest bank in Scandinavia. "We see ourselves as a pan-Nordic...
Actually, despite our traditional obsession with sports, despite the coercive drumming of pre-Olympics hype, some of us don't care that much about the Olympics. We think we matter for other reasons. We suspect we're on the map already and that only American myopia would see us otherwise...
...possibility of a stable republic in Australia. The current Prime Minister, John Howard, is an obdurate monarchist. But the next in line as head of Howard's conservative Liberal Party, Peter Costello, is a republican. The Australian Labor Party is republican through and through. It is only a matter of time before the less reactionary and nostalgic Liberal politicians can come out of the closet, and then Australian monarchy will be finished...
Maybe, but it doesn't ultimately matter. Immigration has done its work. It has changed Australia irrevocably. Nobody old enough to remember the dullness of its old monocultural cuisine can regret that. The British Empire has gone. The British Commonwealth is no longer, to put it mildly, a decisive linkage between nations. The Australia Act of 1986 formally defined Britain as a foreign country. Australia's economic links to Britain, though not insignificant, are small and dwindling in comparison with its trading ties to the Near North, once known as the Far East. Britain is in the European Union...