Posts Tagged ‘euro zone’

  • 16618_3.9_000008354384XSmall

    A Tale of Two Euro Zone Countries

    Sep 14, 11 • 297 Views • No Comments

    Saying, “It is a small step for the euro zone and a big step for Estonia…” the Estonian prime minister celebrated his country’s formal entry into the Western economic world. On January 1, 2011, Estonia switched from the kroon to the...  [read more]

  • 16580_7.12_000014562280XSmall

    On Time Again

    Aug 31, 11 • 310 Views • No Comments

    Have you ever thought about the difference that a clock makes? Described in The Geography of Time, a pre-clock world meant you could not say, “I will meet you at 12:30 for lunch” or “Your workday is 9-5.” By the 1820s, though,...  [read more]

  • 16500_3.9_000008354384XSmall

    Mixed Euro Zone Metaphors

    Jul 19, 11 • 284 Views • No Comments

    In this Economist podcast, journalists describe the euro zone debt crisis with a wonderful array of metaphors. (Directly and indirectly, I quote what they said.) Minnows: The smaller peripheral nations in the euro zone, Greece, Ireland and Portugal are...  [read more]

  • 16449_3.9_000008354384XSmall

    A New Drachma?

    Jun 23, 11 • 283 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not...  [read more]

  • 16437_3.9_000008354384XSmall

    Euro-Zone Rates

    Jun 17, 11 • 305 Views • No Comments

    Please match each of the following countries with its unemployment rate and borrowing rate: Countries: Germany, Greece, Ireland; and the U.S. and the U.K. Unemployment rates: 9.1%, 7.7%, 7%, 15.9%, 14.8% 2-year bond rates: .5%, 4.5%, 1.75%, 29.69%, 12.95% The...  [read more]