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The EU’s Euro Problem
April 22nd, 2011
For years economists have talked about the “end of the euro.” These apocalyptic warnings have become only more severe in recent years and months, with the weakening of Europe’s economic and financial position and the debt crises in Portugal, Spain, Greece, and Ireland, which have triggered discussions of these countries unilaterally dropping the euro. In truth, however, economists have talked about the end of the euro since the beginning of the euro, when even after it was formally adopted as the third pillar of the European Union in the Maastricht Treaty of 1992 many economists have remained...
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Ireland Loses Iceland Stigma as Euro Ensures No Return to Past
June 4th, 2009
Every inch of the Elysian, Ireland’s tallest building, is designed to entice viewers to splurge as much as 1.8 million euros ($2.56 million) on an apartment in the 17-story tower. A signature three-bedroom duplex penthouse offers a black-lacquer kitchen with taps designed by Porsche SE and a panoramic view of Cork, Ireland’s second-largest city.
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