Euro Crisis: Should I Cancel My Trip?

In the last decade of the 20th century, the Turkish lira fell in value 1,000 times against the U.S. dollar, meaning that tourists returning to that country after several years found that any old money they still possessed since their last visit had become almost worthless.

Topics:  turkish   u.s    
BING NEWS:
  • Decomposing the euro area’s current account surplus
    One of the most significant changes in the global economy since the start of the financial crisis has been the massive swing ... to the dollar and the persistence of the euro area’s current account surplus despite the gradual revival of domestic demand.
    02/24/2017 - 9:00 am | View Link
  • Greece’s Prime Minister Signals Willingness to Accept Bailout Terms after Default
    Advertisement The offer has the potential to resolve the spiraling financial crisis that had seemed to put the country ... European leaders have urged him to cancel the vote. German Chancellor Angela Merkel countered by saying no negotiations will take ...
    07/1/2015 - 9:37 am | View Link
  • Euro zone, Greece face off as markets take fright
    cancel a property tax, end mass layoffs and raise the minimum wage. Juncker said Tsipras had taken “only limited account” of EU suggestions on the way forward in the debt crisis. Brussels has been pressing Athens to request an extension of the bailout ...
    02/8/2015 - 11:00 am | View Link
  • Germany believes euro zone could cope with Greece exit
    Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make ... who want to cancel austerity measures and a chunk of Greek debt.
    01/2/2015 - 11:00 am | View Link
  • Cyprus's future: Is euro membership viable?
    The second consequence of the country's continuing economic crisis is that, even if confidence can be rapidly ... But Russia has threatened to cancel its treaty. Its businessmen have undoubtedly lost a chunk of money in Cyprus. But, as the country serves ...
    04/3/2013 - 1:00 am | View Link
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  • Euro-zone debt crisis | Britannica.com
    Euro-zone debt crisis: period of economic uncertainty in the Euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain).
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