Word: spain
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Dates: during 2000-2009
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...Paris on Monday, French President Nicolas Sarkozy pledged $488 billion to underwrite loans between banks and inject capital into troubled banks and financial groups. Similarly, German Chancellor Angela Merkel said up to $651 billion would be used for similar uses - though primarily limited to underwriting lending between banks. Austria, Spain and the Netherlands weighed in with similar plans under a coordinated euro-zone strategy that some analysts have pegged as adding up to as much as $2 trillion...
...rescue packages across Europe. Still, one model won't fit all. "Some countries consider they don't have an insolvency problem, and are focusing more on providing guarantees to improve liquidity in the markets," says Antonio Ramirez, banking analyst at Keefe, Bruyette & Woods in London. (On Monday, for instance, Spain said it would guarantee new bank debt until the end of 2009.) But "the problems in terms of capital requirements of U.K. banks seem to be much higher than what they eventually could be in other countries," Ramirez says. "They have a solvency issue, and that's been complicating...
...Arshad said recently.When she came to campus, she jokingly told her roommate that she was considering majoring in Folklore and Mythology, and then decided she should actually check it out.Today, Arshad is a Folk and Myth concentrator, with a focus on medicine in medieval Spain, who is planning to apply to medical school.A BRIDGE AND A WINDOWWhen Arshad first visited Warren House, home to Folk and Myth, she was struck by how friendly and helpful the faculty and administrators were.“Everybody’s who’s involved with it wants to be there...
...leading banking expert. The fact that Ireland had previously issued an even more sweeping guarantee hardly shielded Germany from criticism: as Europe's biggest economy, it sets a massive precedent. Indeed, since Merkel's announcement, Denmark, Sweden and Austria have taken steps to offer stronger guarantees to their depositors. Spain is reportedly considering a move to follow suit, and British politicians were in talks with banks on Monday night about a stopgap measure to inject government funds into selected institutions...
...Pirates have plagued seafarers for millennia. Homer and Cicero noted incidents involving ancient Greek and Roman mariners, and Western Europeans weathered Viking onslaughts during the Middle Ages. In the 16th and 17th centuries, monarchs frustrated by Spain's dominance of the Caribbean commissioned privateers to harass the Spanish fleet-helping to usher in piracy's golden age, when swashbuckling marauders like Edward (Blackbeard) Teach roamed the sun-splashed islands, plundering gold and silver...