Euro

next logical step was the replacement of national currencies by the euro, for all its disruptive symbolic implications” . This for Tony Judt is the idea that the creation of the euro was not a calculated strategic move on the road to a more successful economy, but rather it was the outcome of pragmatic responses to the European economic problems. Some countries, as Judt points out, were dubious about joining a system such as the Euro, an example hat we are given is how some nations, such as…

The electric vehicle is no longer something exotic and futuristic to become a present need. The massive purchase of cars in emerging economies imposes a solution to avoid the irreversible deterioration of atmosphere , and the rising oil price, dwindling We Aboca an economy totally unsustainable. It is time to change the supplier by the plug. The figures are staggering. Today there are nearly one million cars circulating in the world, and in less than 40 years, the fleet will have doubled .…

offers insights into the Belgian incentive travel market, and presents related matters and considerations to address in order for Roomex to capitalize on it. It is measured that around 23% of Belgian companies with sales figures of more than 620,000 Euro use incentive travel. Grounded on approximately 32,000 companies matching these criteria, this represents around 7,360 Belgium and Luxembourg based companies use incentive travel. Moreover, like stated previously, this market is steadily…

4. High Maintenance cost As mentioned before, the French government sold a land for the Walt Disney company to build Disney Paris and the size of the Disneyland is very large. Although the construction cost was lower than expected as mentioned in the above part, but the high maintenance cost should not be neglected. However, French government did not provide long term subsidy to the park to cover the high maintenance cost and therefore Disneyland Paris have to spend a lot in the maintaining…

Colonial America in the 18th century, black slaves were forced to labor. They worked in plantations to produce tobacco, rice, sugar cane, and so on in the South. In North, they worked as the skilled and unskilled labor force in industry and factories. They were brutally treated; as a result. They wanted to get freedom by runaway. The owners of slaves placed well-informed advertisements for their return. The advertisements include information about each slave such as the date of issue, the date…

over the last few years, the Chinese customers have been traveling to France and other European countries to purchase their LVMH products in China are twice as expensive because the prices are lower in Europe and China has high luxury taxes and the euro is weak. With the fact that the Chinese have been purchasing more of their LVMH products outside of China, LVMH sales in China have leveled off. Counterfeiting continues to be a severe problem with high quality products like those that are…

BAWAG $1.10 Billion Losses BAWAG is a private limited bank and is an entity in the financial and insurance sector. Established in 1922 in Austria, it has its headquarters in the capital city - Vienna. Some of the services that it offers are investment banking, commercial banking, private banking and asset management. BAWAG offers online banking facility along with online support for customers. Few years ago, BAWAG suffered a huge amount of losses owing to having used unreasonable investment…

selling Euros equivalent of its receivables to the bank for a specified period of time, which can be converted over the period at a forward rate. Therefore, Tyson Foods would be assured of converting the receivables into U.S. dollars no matter what happens to the exchange rate over that period. Conversely, currency options would give the firm the right to buy and sell a certain amount of currency at a specified exchange rate within a specified…

Neoliberalism stated that free markets had more stability than Keynesianism described, because the risks in market can be predicted in advance and prices will always objectively reflect possibilities. However, Keynesianism believed that government intervention will stable the economy. According to this article, the author agrees that Keynesianism is better than neoliberalism in spite of some weaknesses. I am convinced by her claim that government intervention will more stable than free market…

In Robert O. Paxton “Europe in The Twentieth Century” he writes about the World War One (1914-1918) as outsider, due to the fact he was not historical around when WW1 started and to when it came to an end. Paxton analyze the impact of The Great War in modern aspect. Where articles from New York Times during the time of the war gives the readers inside view of those who experiencing the war as it happen. Paxton does speak about impact of WW1 had on the lives of people during the time of war. One…