What started as a financial and currency emergency has morphed into a broader political, social and economic crisis, with Europe mired in stagnation and deflation, no growth, no jobs and the mainstream elites struggling to come up with answers.
The Merkel-Sarkozy document goes further than the immediate Greek crisis, representing a German attempt to rewrite the rule book for the euro and forestall the possibility of a bigger single currency emergency.
The elections supplied what used to be called a Kodak moment, freezing a picture of European politics and exposing how what started as a banking disaster five years ago, then developed into a financial, debt and currency emergency, has come to roost as a political crisis, testing the competence of and confidence in European leadership.
CaaS and AI together can support any number of traveler needs: airport information, in-flight entertainment, packing lists, tourism plans, currency conversion, emergency response, or use cases that we can't even imagine (until they're here and we take them for granted).
A plan by the new Peronist government here to create an emergency currency is running into opposition, as details emerge and owners of businesses or anyone with a bank account comes to realize that the proposal is backed only by promises and not by hard cash.
C1 Skepticism for Argentina Plan A plan by the new Peronist government to create an emergency currency, the argentino, is running into opposition as details emerge and the public realizes that it is backed by promises, not hard cash.
Because of emergency currency restrictions, he now found that in order to pay his U.S. mortgage he was having to buy dollars on the black market in Reykjavík, and send them abroad under plain cover.
TOKYO — In a bid to calm jittery markets, top Japanese finance officials discussed the country's persistently strengthening currency at an emergency meeting Thursday, even as a beverage maker announced an overseas acquisition that took advantage of the soaring yen.
The anchor continued that the Bank of England had issued "an emergency currency based on the Queen's eggs, several thousand of which were removed from her ovaries in 1953 and held in reserve".
But Ángel Díaz, a policeman here, had his doubts after being paid this week not with pesos, but with a new emergency currency called the "patacón," printed by the provincial government.
