Word: spain
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Dates: during 2000-2009
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...fail and also too big to be saved. If Ireland or Greece go bust, then there is already a commitment from the Germans and French to, one way or another, bail them out. But if you have to rescue on top of them Austria and Italy, Portugal and Spain, and Belgium and the Netherlands, then that is not going to be possible. I am still of the view that we can avoid a collapse of the monetary union, but this is really the very first true test of its stability...
...Cartagena's Old Town was once ransomed to the Spanish crown for 2 million gold pieces by Sir Francis Drake, and it was for centuries Spain's vault for its vast South American holdings. The city earned the nickname La Heroica, having endured hundreds of sieges throughout the 17th and 18th centuries - as evidenced by the 400-year-old walls, made of mined coral, that encircle the city. But for all of Cartagena's battlements, in the modern era it has been plagued by crime, its potential as a UNESCO World Heritage site marred by kidnappings and murders. (See pictures...
...Bosworth has served in diplomatic posts in Panama, Spain, and France and later held several senior posts in the State Department in Washington...
...Deming arrived in Germany with executives from about 90 Chinese companies, on a multi-billion-dollar shopping trip around Europe. The delegates signed more than $10 billion worth of deals in Germany alone, and another $400,000 worth of deals on a brief stop in Switzerland. Next stop was Spain, where the Chinese party bought about $320 million worth of goods ranging from auto parts to olive oil. Finally, in Britain they signed deals worth about $2 billion, including ordering 13,000 Jaguar cars. And while thousands of German auto workers marched in protest at layoffs in the country...
...result, wind turbines now dot Denmark, the country gets more than 19% of its electricity from the breeze (Spain and Portugal, the next highest countries, get about 10%) and Danish companies control a whopping one-third of the global wind market, earning billions in exports and creating a national champion from scratch. "They were out early in driving renewables, and that gave them the chance to be a technology leader and a job-creation leader," says Jake Schmidt, international climate policy director for the New York City-based Natural Resources Defense Council. "They have always been one or two steps...