EU Ministers Tackle Spelling of Euro
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Before the 10 countries that joined the European Union this year can adopt the euro as their currency, they have to spell it correctly.
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European finance ministers clashed over German Chancellor Gerhard Schroeder s plea for looser budget rules, with Austria and the Netherlands warning that wider deficits would push up inflation and interest ...
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Europe&#39;s financial policy makers issued their strongest warnings yet about the dangers of a swooning dollar, and the dollar promptly sank to a new low against the euro.
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European Union finance  ministers and central bankers agreed on Saturday to step up  co-operation among themselves to improve their handling of  cross-border financial crises.
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Brussels has said the EU&#39;s newest members should adopt the euro in one step, in contrast to the currency&#39;s original phased introduction.
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Finance ministers from Britain, Germany, France and Italy are meeting later Thursday in Paris to agree on a common European strategy to confront turbulence on the financial markets.
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LONDON  - The euro wavered after failing to pierce the symbolic 1.30-dollar threshold, as eurozone officials expressed disquiet at the currency&#39;s rise to record highs against the greenback.
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Brussels says the EU's newest members should adopt the euro in one step, in contrast to the currency's original phased introduction.
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THE euro nations expressed concern overnight at sharp volatility in currency rates, and in a thinly veiled call to the US urged âall major countriesâ to put appropriate policies in place.
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The European Commission expressed concern on Friday about higher-than-expected November inflation in the euro zone, calling on governments, unions and companies to cooperate in curbing price growth.
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The dollar fell against the pound and the euro yesterday, prompting calls for intervention to support the dollar from several European finance ministers.
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BRUSSELS: The European Central Bank and euro zone finance ministers have issued their starkest warning to date that they are unhappy with the euro&#39;s surge and said they were closely monitoring exchange rate swings.
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European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget and current account deficits to stop the slide of the US currency.
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Europeans, many of whom worked themselves up about the swooning dollar and the stampeding euro last year, suddenly seem to have mellowed.
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The euro&#39;s growing strength against the US dollar is &quot;unwelcome,&quot; the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.
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Europe is in the midst of another bout of angst about its currency, amid signs the Bush administration will tolerate a prolonged weakness in the dollar.
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The European Commission yesterday presented a proposed revision of the Stability and Growth Pact, the rules that underpin the euro.