With this guarantee, there was little incentive for these countries, beyond exhortation from
other EURO countries, to control their deficits and debt or to implement structural changes in labor and product markets needed to make their economies competitive.
Not exact matches
More to the point, Dutch Prime Minister Mark Rutte spoke last Friday in the name of seven
other countries — forcefully rejecting the French ideas of a
euro zone finance minister and a heavy and expensive institutional buildup.
In addition, Spain's rating — as well as the ratings of
other euro area
countries — could be adversely affected if the risk of a Greek exit from the
euro area were to rise further.
The European Commission, which negotiates on behalf of the
other European
countries, has said that the U.K. will have to pay about 60 billion
euros before leaving the EU.
For many
other European
countries, their economic independence and flexibility died the day they joined the
euro.
And that, in turn, could undermine confidence in the banks of
other troubled
euro zone
countries.
While Germany has managed to stay ahead of the rest, the
other countries are less competitive as a result of the «retrenchment» the
euro zone is currently experiencing.
While China is usually singled out for its policies,
other countries have behaved more irresponsibly, most notably rich Germany, whose surpluses, the largest in history, were built primarily on an undervalued currency, after the creation of the
euro, and on weak wage growth, after the 2003 — 05 labor reforms.
Europe is threatened with a similar effect as a result of
other countries moving into
euros.
In sum, the U.S. payments deficit and central bank movements out of the dollar, aggravated by U.S. military activity in Iraq and
other countries, may indeed trigger a shift of international currency holdings into
euros.
PARIS (Reuters)- Finance ministers of
other southern
euro zone
countries on Wednesday talked up the chances of reaching a cash - for - reforms deal with Greece, with Spain's Luis de Guindos saying he was certain it would happen.
Portugal, like Spain, has been among the
euro zone
countries that have been most insistent on Greece committing to deep reforms, like
other recipients of bailouts in the region have done.
Given the prospects of continued slow growth in the
EURO area, the U.S. the UK, Japan and
other G - 20
countries, this may not be good bet.
If so, would this be a mechanism through which China could reduce its US Treasury holdings by transferring them to
other countries as payment for
Euros with which to invest?
Entirely dependent on billions of
euros worth of international rescue loans from
other European
countries and the International Monetary Fund, Greece must impose yet more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the
euro.
Germany and
other northern European
countries see the cleaning up of
euro zone banks» balance sheets as a necessary precondition to a pan-European deposit insurance scheme.
These
countries are already at the stage where they are forced to sell their dollars for
euros and
other Group of 10
countries» currencies and gold to diversify their foreign exchange risk, which adds to the dollar's decline, he says.
The evidence in
other countries (U.K. and the
EURO) is that balanced budget legislation has not worked.
Greece has a new government, led by left - wing, anti-austerity Syriza — an event that has heightened fears about the
country's economic future and relationship with the
other 18
countries that use the
euro.
Global economic conditions have improved over recent months, with stronger economic data emerging in the US, Japan and most
other countries in east Asia, though the
euro area remains weak.
The currencies of most
other developed
countries have also appreciated substantially against the US dollar in recent months, as they have generally tended to move in line with the
euro.
The deal also doesn't directly address the debt problems in
other struggling
countries that use the
euro.
In addition, many companies in those lands financed their domestic businesses by borrowing Swiss francs,
euros and
other hard currencies at lower rates than in their own inflation - prone
countries.
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The
euro slumped to a four - month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for
other countries on the periphery of the eurozone.
It could cause the
euro to rise in value against
other currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19 -
country eurozone.
Other proposals include a statement in law for the first time that the
euro is not the EU's only currently, that non-eurozone
countries do not have to bail out
countries using the
euro, and that Britain will not have to engage in «ever - closer union» aiming for «a common destination».
If the
euro implodes, the UK will be as damaged as any
other country by the economic and political shockwaves — but Cameron, and Clegg, have chosen to sit on the sidelines admonishing Merkel and Sarkozy.
If the
euro - zone
countries do give in, the pressure for reform will also decline in the
other crisis - ridden
countries.
A mere six billion
Euros is earmarked for tackling unemployment among young Europeans in
countries under the greatest economic strain, and around eighty billion is deemed enough to bolster research and innovation — an area in which Europe lags behind
other parts of the world.
Older children might wish to explore the links with
other countries and... the
Euros are just around the corner.
The rest of Europe has access to an English - language version of the Game Store with prices in
Euros, while
other countries can buy from a global storefront that accepts U.S. dollars.
In western Europe, HUAWEI's market share in the high - end smartphone market (phones priced between 400 to 500
Euros) achieved outstanding results, and the company ranked in the top three in market share in Spain, Italy, Belgium, Switzerland, Portugal and several
other countries.
However, it will be hitting eighty
other countries in spring for 299
euros (US$ 335).