Word: tradings
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...stress scenarios that foresaw a similar end to the monetary experiment. Yet, over ten years later and despite the fact that it was created with a political rather than economic agenda, the currency remains alive and arguably very strong. As with most things in life, adopting it involves a trade-off. A country gives up monetary freedom (to devalue, for instance) in exchange for increased trade with the rest of Europe, coordinated monetary policy, and a confidence seal in terms of foreign indebtedness. Basically, through the European Central Bank, countries less reputable than Germany get access to German interest-rate...
...long time in the region). The problem is significant because, if things continue deteriorating, it may pull the region farther and farther away from Europe, in a way that could hurt these countries in the long run. And given the many problems they are now facing, the trade-off inherent in the adoption of the euro makes a lot of sense...
...prime poppy-growing area, was colored black, which meant it is in Taliban control. Helmand and its neighbor, Kandahar province, is where most of the 17,000 additional U.S. troops are headed. They will arrive just as the poppy crop has been harvested, the moment when many rural Afghans trade their ploughs for rifles and "fighting season" commences, a term that Admiral Mullen doesn't like - there were Taliban attacks through the winter - but which will be all too apparent from the expected surge in U.S. casualties this summer...
...years for the Japan Atomic Power Co. before taking a job as secretary to former Prime Minister Yasuhiro Nakasone in 1968. In 1976, Yosano won a Diet seat for the Liberal Democratic Party in Tokyo prefecture, his home turf. He has served as Minister of Education, Minister of International Trade and Industry and once before as Minister of Economic and Fiscal Policy and Financial Services under Prime Minister Junichiro Koizumi, so has a broad range of governmental expertise...
...There are several reasons for the spike in attacks. For impoverished Somalis, who appear to be behind most of the attacks, massive ransom payouts in recent months have proved that the piracy trade is perhaps their best route out of despair and hopelessness. It now appears that the earlier drop in attacks had more to do with the weather than with the international show of force. "There are new pirates all the time," Abdi Timo-Jile, a pirate himself, told TIME from his home in the central city of Garowe. "We people are not afraid. There is death every...