It won't fix the problem in the long term, because fiscal fetishism, while bafflingly politically popular, does little against what is, at heart, a balance of payments crisis made particularly acute
by currency union.
It would simply mean conceding that Europe does not yet have the institutions needed for the currency union to survive, and that the capital, labor, banking and fiscal frictions that remain in place ensure that the flexibility eliminated
by currency union will re-emerge in more destructive ways.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment
by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders
by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the
unions representing many of our employees; 24) spending
by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The economy of both the 19 - nation single
currency area and the 28 - nation European
Union (EU) grew
by 0.4 percent in the first quarter of 2018.
June 2008 (264 kb PDF file): IMF research summaries on Latin America's external linkages (
by Shaun Roache) and on reaping the benefits of structural reforms (
by Stephen Tokarick); regional study on the Eastern Caribbean
Currency Union (
by Paul Cashin and Evridiki Tsounta); listing of visiting scholars at the IMF during March — April 2008; listing of contents of Vol.
«It is a big waste to have taken the huge step to adopt a single
currency and continue to forgo the benefits that could be reaped
by creating a true banking and capital markets
union,» ECB Vice President Vítor Constâncio said in a report.
Only emergency support from the ECB is keeping the banks afloat and saving Greece from a chaotic euro exit that would inflict more pain on its people and gravely damage the
currency, the strongest symbol of the EU's drive for an «ever closer
union» on a continent once ravaged
by two world wars.
Over the past few decades, in an often - overlooked dynamic, Japanese, German, and Korean automakers have sought to combat protectionist sentiment and insulate themselves from
currency gyrations
by opening large production facilities in the U.S. — particularly in the
union - averse South.
Madrid can confound elite consensus and move aggressively to restructure Spain's external debt while redefining its participation in the euro, for example
by leaving the euro while committing credibly (i.e. with German support) to rejoin the
currency union at some specified future date.
Also, with talks about Serbia being included in the European
Union, the dinar's exchange rate with other major
currencies will likely be affected
by monetary policies from the European Central Bank.
U.S. popular media echoed the European right
by trying to frighten Greeks and their sympathizers into believing that the vote is whether or not to remain part of Europe — as if Britain does not have its own
currency while remaining part of the European
Union.
In normal times, Section 18 of the Act says the Bank can only buy (or sell) certain types of assets — coins, foreign
currencies, federal and provincial / territorial debt, debt issued
by the U.S., Japan or the European
Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued
by a bank or authorized foreign bank provided they have a maturity of no more than 180 days.
By leaving the European
Union the British
currency will devaluate, making the possibility of signing players from inside the EU more expensive, while EU - clubs can bring in players from inside the United Kingdom the other way around for a lower price than before.
The «Yes» campaign hoped the question over
currency union would be put to bed
by a speech this week
by Crawford Beveridge, chair of the Fiscal Commission Working Group.
Alex Salmond has been hit
by a triple - whammy of bad news in the Scottish referendum campaign, with serious questions being raised about North Sea oil, his plans for
currency union and Scots» access to the BBC after independence.
Buhari, while urging member states to tread carefully in pushing for a single
currency in the sub-region
by 2020, cited the challenges faced
by the European
Union, EU, who have a similar agenda.
He also warned that Salmond's plans to refuse to pay Scotland's share of the national debt if Westminster rejected a
currency union would be viewed as a default
by credit rating agencies.
Similarly, an attempt
by John Swinney, the dry - as - dust education secretary, to rebut recent internal criticism that the Scottish government lacks a radical edge amounted to little more than claiming the SNP sat «firmly astride Scotland's social democratic centre», while elsewhere he said the
currency proposition won't «necessarily» have to be any different from that offered up in 2014, a so - called «
currency union».
Worse still, given the wrangles over Scotland's future
currency, the decision
by both campaigns to simply stare each other down on the retention (or otherwise) of sterling has ruled out important discussion of the alternatives — from a free - floating «Scot #» or
currency peg, to
union with sterling or the euro.
Alex Salmond hit
by triple - whammy of bad news, with serious questions asked about North Sea oil, plans for
currency union and Scots» access to the BBC
Salmond tackled the
currency issue head - on during the debate
by saying he had three «Plan Bs» in the event of Westminster refusing a
currency union.
Although the rest of the United Kingdom did not have a vote on Scottish independence, the proposal of a
currency union by the Yes campaign was rejected
by the British government and the Bank of England.
A series of high - profile figures led
by Sir John Major, the former Prime Minister, have also rejected the White Paper's claim that the remainder of the UK would agree a
currency union to share the pound.
With the white paper on Scotland leaving the UK to be published on Tuesday
by the Scottish government and the date of 24 March 2016 proposed for independence, Carmichael said it was not a case of saying Scotland «can't have» the pound but that «a
currency union would not work».
The European Monetary
Union — the parent organization of the euro
currency — faced similar challenges when leading countries such as France and Germany devalued the common
currency by running huge budget deficits and amassing large debts.
Money Supply The amount of money in the economy, consisting primarily of
currency in circulation plus deposits in banks M - 1 U.S. money supply consisting of
currency held
by the public, traveler's checks, checking account funds, NOW and super-NOW accounts, automatic transfer service accounts, and balances in credit
unions.
Cash Stop not only specialises in providing short term cash advances to assist everyday people
by helping meet those unexpected financial challenges with quick pay day style loans but also provide many other products and services such as, Short Term Loans both in Branch and Online, Medium Term Loans in Branch, Pawn Broking,
Currency Exchange, Western
Union Money Transfer, Cheque Cashing, and Jewellery Loans.
A loan broker shall comply with the provisions of the federal Gramm - Leach - Bliley Act, 15 United States Code, Section 6801 et seq. (1999) and the applicable implementing federal Privacy of Consumer Information regulations, as adopted
by the Office of the Comptroller of the
Currency, 12 Code of Federal Regulations, Part 40 (2001); the Board of Governors of the Federal Reserve System, 12 Code of Federal Regulations, Part 216 (2001); the Federal Deposit Insurance Corporation, 12 Code of Federal Regulations, Part 332 (2001); the Office of Thrift Supervision, 12 Code of Federal Regulations, Part 573 (2001); the National Credit
Union Administration, 12 Code of Federal Regulations, Part 716 (2001); the Federal Trade Commission, 16 Code of Federal Regulations, Part 313 (2001); or the Securities and Exchange Commission, 17 Code of Federal Regulations, Part 248 (2001), if the loan broker is a financial institution as defined in those regulations.
Terry Ritchie, co-author of The Canadian Snowbird in America and a cross-border financial expert with Cardinal Point Wealth Management Inc., also recommends specialized
currency exchange services provided
by firms like Knightsbridge Foreign Exchange, Canadian Forex, Western
Union Business Solutions and AFEX.
Pound selling, sparked
by Prime Minister Theresa May's timetable for the U.K.'s withdrawal from the European
Union, accelerated throughout the week, sent the
currency to a 31 - year - low and culminated in a so - called flash crash that saw it plunge 6.1 percent in a few minutes.
Disgusted with the payments, the European
Union has announced that as of next year it will no longer accept the so - called waste gas credits from companies in its carbon trading system —
by far the largest in the world — essentially declaring them counterfeit
currency.
Interestingly, the government also used an economic argument, saying that the damage of a default of a member state of the
currency union would exceed the amount for which Germany had to guarantee
by far.
The following questions have been referred to the European Court of Justice: (i) «If a European
Union citizen, present in a Member State of which she is not a national, was, prior to the transposition of Council Directive (EC) 2004/38, the holder of a residence permit validly issued pursuant to art 4 (2) of Council Directive (EEC) 68/360, but was for a period of time during the
currency of the permit voluntarily unemployed, not self - sufficient and outside the qualifications for the issue of such a permit, did that person
by reason only of her possession of the permit, remain during that time someone who «resided legally» in the host Member State for the purpose of later acquiring a permanent right of residence under art 16 (1) of Directive 2004/38»
Mediachain has joined the likes of OpenBazaar and Blockstack and joined the community of Blockchain startups backed
by some of the most powerful venture capitalists in Silicon Valley including
Union Square Venture, Andreessen Horowitz, and RRE Ventures — as well as Digital
Currency Group, LDV Capital, Alexis Ohanian, William Mougayar, Kanyi Maqubela, David Lee, Mathieu Drouin and Brian Message.
The proposal is being issued jointly
by the Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, and the National Credit
Union Administration.