The Eurozone s Strength in Disunity

(In euros)

Euro

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The new rates are effective from the school year in progress on 1 January 2005. The currency areas where increases were approved are as follows Austria (euro), Belgium (euro), Denmark (krone), France (euro), Germany (euro), Ireland (euro), Italy (euro), Japan (yen), Netherlands (euro), Spain (euro), Sweden (krona), Switzerland (Swiss franc), United Kingdom (pound sterling), United States dollar in the United States and the United States dollar outside the United States.

Exchange rate euro to United States dollar

US 000's 000's

Euro area

000's

Euro

Income tax (under the Tax

Balance as at 31 December 2004 12.2

Building on the Euro

Farewell to the Euro?

The Euro Ark

The Non Crisis of the Euro

The Poetry of the Euro

Budgeting

as at 31 December 2004

MANNHEIM The European Union s policy of saving the euro at all costs is enough to guarantee the euro s survival. But is preserving the one size fits all euro really worth sacrificing the eurozone s competitiveness and, ultimately, European solidarity?

Similarly, the budgetary requirements represent a euro based calculation, with a rate of exchange corresponding to 0.901 US 1.

Admission fees charged to the public increased in 2004 as follows adults 5.00 senior citizens and university students 3.00 groups of 20 or more adults, 4.00 and children under 18 years of age, 2.00.

In order to estimate the required budgetary amounts in euros, the January to December 2004 average United Nations euro dollar exchange rate, i.e. 1 US 1.2341, has been applied to those items.

As a result, southern Europe adopted an economic configuration in which its wage, price, and productivity levels made sense only so long as it spent 13 for every 12 that it earned, with northern Europe financing the missing euro. Northern Europe, meanwhile, adopted wage and productivity levels that made sense only as long as it spent less than one euro for every euro that it earned.

This is slightly higher by 7,444 compared to the appropriation approved for 2005 ( 896,400).

B. Introduction of the euro

Scotching the Eurozone

Optimizing the Eurozone

Germany versus the Euro

The Euro Grows Up

The Naked Euro

Original Spanish

Original Spanish 3 June 2005

(In thousands of euros)

(In thousands of euros)

(In millions of euros)

(Euros per annum)

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Consequently, distributions of 789,415 ( 985,537) and 832,467 ( 1,039,285) were made to the Industrial Development Fund and trust funds, respectively.

Will the Euro Dethrone the Dollar?

It had also supported projects in Cambodia (around 3.3 million), Latin America and the Caribbean ( 345,000) and Albania ( 550,000).

But rescuing banks is not the same as rescuing the euro. Moreover, rescuing the euro is not the same as rescuing the European project.

A Gravity Test for the Euro

The IMF s Euro Crisis

Down with the Eurozone