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...Union countries have now adopted as their official currency since it was first launched on Jan. 1, 2002. From Madrid to Maastricht, it has become conventional wisdom that the introduction of the single currency jacked up prices. At the entrance gate of Volkswagen's main plant in Wolfsburg, Germany, Ulf Meinecke, 38, shoves his hands into his jacket pockets and says he can no longer afford annual vacations to Italy with his family. "We just go every other year," he says. "Everything is getting more expensive, and the euro was the blow that broke our necks...

Author: /time Magazine | Title: Is the Good Life Out of Reach? | 2/15/2007 | See Source »

...Credits went where they belonged: "New banks immediately accomplished their basic function - that of extending credits to encourage budding businesses," says Ulf Wokurka, a former Deutsche Bank director and now CFO of Samruk, Kazakhstan's holding company, which runs such giants as KazTelecom and oil and natural gas firm KazMunaiGaz...

Author: /time Magazine | Title: Kazakhstan Comes On Strong | 9/27/2006 | See Source »

...Credits went where they belonged: "New banks immediately accomplished their basic function - that of extending credits to encourage budding businesses," says Ulf Wokurka, a former Deutsche Bank director and now cfo of Samruk, Kazakhstan's holding company that runs such giants as KazTelecom and oil and natural gas firm KazMunaiGaz. The state rapidly privatized over 10,000 trading, service and industrial firms. As often happened in post-Soviet countries, the best of these firms were sold off to insiders, shoring up the power bases of important clans. But the biggest economic engine was oil, and that required outside help. Says...

Author: /time Magazine | Title: Coming On Strong | 9/25/2006 | See Source »

...scientific proof for my theory. But I believe in it." JUNE German physicist Rainer Kühne argued - based on satellite images that he says show ancient ruins - that Atlantis lies under what are now salt marshes near the southern Spanish city of Cádiz. SEPTEMBER Swedish geographer Ulf Erlingsson argued in a new book that Atlantis is in fact Ireland, and the legend was inspired by the fate of the Dogger Bank, which sank into the North Sea in 6,100 B.C. SPRING 2005 A diving expedition led by French archaeologist Jacques Collina-Girard will try to prove...

Author: /time Magazine | Title: Raising A Legend | 11/21/2004 | See Source »

...store managers at Systembolaget, the country's state-owned liquor store monopoly, received bribes from liquor wholesalers to promote certain products. Now the threat of disgrace has descended upon insurance-giant Skandia. Three of the firm's departed executives - former CEO Lars-Eric Petersson, former chief financial officer Ulf Sp?ng and the former chief of life insurer Skandia Liv, Ola Ramstedt - are under investigation for misusing corporate assets, says Stockholm police spokesman Ulf Göranzon. None of the three former executives - Petersson was fired in April 2003 before the scandal broke because of the company's poor performance, Ramstedt...

Author: /time Magazine | Title: Scandal Heads North | 2/22/2004 | See Source »

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