Many Europeans Still Troubled by Euro
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Three years after the introduction of euro cash, almost half the citizens in the 12 nations that use the currency still struggle to replace francs, marks and lire in their hearts and minds, a survey released Thursday showed.
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ACROSS the Euro-zone last week there were tell-tale signs of panic setting in. To the evident worries of the euro being forced to further record highs against the dollar, were added grim evidence by the weekend of a sharp economic slowdown.
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European officials issued their harshest condemnation yet of the euro&#39;s recent surge, in a joint statement after a monthly meeting yesterday.
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Good news has been in short supply for Europe&#39;s traditional industrial economies like Germany and France. Growth remains weak, unemployment high, labor markets are still rigid and the euro is soaring, pricing their exports out of the market.
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A row over the spelling of the euro threatens to mar the signing of the first EU constitution in October.
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The European Central Bank and European finance ministers are unhappy with the Euro&#39;s surge. To this end, they vowed to closely monitoring exchange rate swings.
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The dollar falls further against the euro while the pound remains at a 26-year high against the US currency.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery &#151; and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.
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UK consumers are still borrowing more money than citizens of any other European country, a report says.
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The dollar continued its seemingly unstoppable slide against other currencies this week, leaving US and European officials increasingly at odds over what - if anything - should be done about it.
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FRANKFURT When they introduced the euro in 1999, the European countries that gave up their own money knew they wanted a strong, stable currency that would command their citizens&#39; confidence and ease the conditions for cross-border commerce.
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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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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.
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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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European Union officials kept up pressure Tuesday on the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
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FRANKFURT, Germany -- Top euro zone politicians on Friday voiced mild concern as the euro rose to a record high against the dollar, and a European Central Bank policymaker said quick currency moves were unhelpful.