Posts Tagged ‘euro zone’

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    Euro-Zone Rates

    Jun 17, 11 • 433 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]

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    Euro Problems

    May 10, 11 • 383 Views • No Comments

    This country had a national railroad that received $100 million euros a year in revenue but had expenses of $700 million. All public jobs paid an average of 3 times what the private sector paid. Beauticians, musicians and radio announcers were retiring with......  [read more]

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    Europe Day

    May 9, 11 • 431 Views • No Comments

    Can you imagine if every time someone from Brooklyn went to Manhattan, she had to use a different currency?   In an excellent NY Times Magazine article, economist Paul Krugman explains the euro zone. He tells how it began, describes the......  [read more]

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    Passing the Euro Test

    Jan 2, 11 • 364 Views • No Comments

    Having just entered the euro zone, the Estonian kroon will be replaced by 194 million euro coins and 45 million bank notes. The process will take 2 weeks as the new currency replaces the old. Here are some pictures of Estonian euro coins and a picture and......  [read more]

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    Virginia and Germany

    Dec 1, 10 • 284 Views • No Comments

    “Where…is the justice of compelling a State which has taxed her citizens for the sinking of her debt, to pay…the debts of other states, which have made no exertions whatever?” This quote, from John Steele Gordon’s,......  [read more]