Word: zone
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...already endured a rite of passage over the past few months, as the global financial crisis battered European markets yet failed to fluster the euro. And, like any debutante, it has its suitors: a string of countries lining up to dump their national currencies and join the euro zone...
...euro zone is now 15 members large and has a combined population of about 320 million. However, many more people are directly affected by the currency, from would-be members whose money is already pegged to it, to countries like Montenegro and Kosovo, whose effective national currency is the euro. France's former African colonies also peg their common currency to Europe's. That means about 500 million people rely on the euro or euro-pegged currencies...
...euro's 10th anniversary will see the euro zone take on a 16th member, Slovakia. Eight other central and East European countries have set the goal of joining within the next six years, including Poland, whose political establishment dropped its longtime opposition after a recent run on the Polish zloty. The euro has found some other unexpected converts too, thanks to the financial crisis. The Danes voted against joining the euro zone in 2000, but they are set to hold another referendum in March. Iceland - not even an E.U. member - is pondering "unilateral euroization" after seeing its krona plunge nearly...
...biggest prize of all, Britain, is said to be warming to the euro. Barroso recently claimed that London is "closer than ever before" to euro-zone entry and that "the people who matter in Britain" think it should join. That may be overstating things a bit, but a report by research group Chatham House warns that as the euro zone grows, the U.K. risks being excluded from "deeper intra-E.U. economic consultation and coordination, including in areas of significant national interest, such as financial market regulation." (See pictures of the financial crisis in London...
...from a back-and-forth battle to a blowout. With the team having already rallied twice to get within one goal of the Lakers, Simon Gysbers and Fred Cassiani beat freshman goalie Matt Hoyle in a 91-second span.“In general, our offense starts from our zone and if we can establish a defense mindset, the offense will come,” Biega said. “Because we’re lacking on defense, we didn’t execute the simple passes in our own zone.”At this point, Harvard coach...