Word: readopt
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Dates: during 2000-2009
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...those same French voters are famous for rapid political mood changes. Once the novelty of a situation has worn off, the French quickly readopt their famously corrosive spirit. His backers most want to see unemployment lowered (it's officially at 8% today) and purchasing power increased. But French economic growth, unlikely to exceed 2% in 2007, is too weak for that, and public deficits are still too high. Sarkozy's economic margin for maneuver is therefore much more limited than he would have liked...
...interest rate is almost certainly too high for the European Union's weakest economies. Germany's Economics Minister, Wolfgang Clement, recently urged Trichet to cut rates--so far, to no avail--and Italy's Welfare Minister, Roberto Maroni, even suggested that Italy should call a referendum on whether to readopt the lira. But after a meeting of the European central bank's council earlier this month that left policy unchanged, Trichet said the current rates were "appropriate" and "fully in line with what would be best to ... foster growth and job creation." The talk about Europe's dumping the euro...
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