Posts Tagged ‘euro zone’

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    Euro Problems

    May 10, 11 • 229 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 • 252 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 • 205 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 • 173 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]