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Country Currency Focus: Greece How did the introduction of the Euro impact the Greek economy' The adoption of the Euro brought two benefits to its members: 1) A reduction of exchange rate uncertainty when trading with other EU members, and 2) a reduction of inflation and inflation expectation in countries with high inflation. A reduction in inflation brings down the price of goods as well as bringing down borrowing costs and thus providing the ideal environment for consumer spending to...
There are many things that may spring to mind when you think of your bank, but you're probably not thinking of it as a huge database. But think about it ? that's exactly what it is. Banks are kind of ?digital depots' where our wages automatically and electronically flow in, and money to pay for credit card and utility bills flows out. We could look at banks as expensive and antiquated payment processors, and with cash in a savings account earning you barely any interest these days, there's...
As Valentine's Day rolls around again, which of these best describes you: Prepared with something already up your sleeve' Unprepared with a last minute rush ahead' Single and couldn't care less' You think Valentine's Day is so contrived that you'd rather do nothing on Feb 14, and instead carry out random and sporadic acts of love all year round' Or at least that's your excuse. This year, rather than squeezing into a busy restaurant with everyone else, why not save the money and put it...
Sometime back, I shared a post ?Oceanographic Park, Valencia â€“ the largest Aquarium in Europe.? The aquarium is not only huge and the biggest in Europe, but also houses all kind of marine life in a manner that it looks as if one is really under the sea watching what wonderful world lays under the blue sea. Although, during my Schengen travelogue we could not go to Spain, but we sure did go to a place though much smaller in size but is the most visited and largest sea animal park in...