On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
posted by Pastabagel on Sep 20, 2007 - 99 comments

Euro's rise raises 'catastrophic' fears The euro rose on Thursday, topping $1.35 for the first time ever, amid speculation that the United States would not act to counter the dollar's decline. . "If we remain in a situation without any coordination, we can imagine a catastrophic situation" for the global economy, Finance Minister Hérve Gaymard of France told manufacturers during a factory visit Thursday in Strasbourg
posted by Postroad on Dec 24, 2004 - 60 comments

Sex for Money, Money having Sex? Ban on Russian ads depicting euro having sex with dollar. Immoral or are they just dancing?
posted by kodas on Sep 24, 2003 - 14 comments

What if oil was traded in euros? "Even more alarming, and completely unreported in the U.S. media, are significant monetary shifts in the reserve funds of foreign governments away from the dollar with movements towards the euro. It appears that the world community ... seems poised to respond with economic retribution if the U.S. government is regarded as an uncontrollable and dangerous superpower." An analysis of the previous link. Apologies to those I
posted by Birichini on Apr 23, 2003 - 25 comments

It started in November of 2000, with Iraq wanting to switch to the Euro for oil payments. Following recent events, Muslims at large are thinking about dropping US currency for the Euro. With a large US presence now in the Middle East, this event may never occur.

Related Stories
http://www.informationclearinghouse.info/article1554.htm
http://politics.guardian.co.uk/euro/comment/0,9236,940790,00.html
posted by CrazyJub on Apr 21, 2003 - 9 comments

Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
posted by thedailygrowl on Feb 11, 2003 - 35 comments

Euro the new European currency is now official in 12 European countries. In Crete the ancient home of Europa who was a Kings daughter abducted by Zeus, Europa gave Zeus 3 sons and he in turn promised to name a continent after her. Now Europa has a currency as well. In Italy it may not mean love but it does mean cheaper sex. Tonight the ATMs are restocked and even Monopoly money is reprinted.
posted by stbalbach on Dec 31, 2001 - 8 comments

The Euro. I have a question for all of the Euro-zone mefi members. Do regular folks in Europe think the varied governments will come together for the economic benefit of the whole or will regional differences doom the new currency?
posted by CRS on Mar 26, 2001 - 9 comments