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Euros in sentence

274 examples of Euros in a sentence

Now just imagine the problems that legislators in developed democracies will face when they must explain why billions of dollars and euros should be handed over to China, whose deliberately undervalued currency is costing their constituents their jobs.
By the end of last year, the aggregate stock of central-bank money in the euro area was €1.07 trillion euros, and €380 billion euros was already absorbed by ECB credit to the GIPS.
The European Council of Ministers had to promise hundreds of billions of euros to its financially imperiled member countries, even though the European economy as a whole is not really in crisis.
Independent of this test, however, Germany seems to have squared the circle: it helped the countries in trouble, without coughing up (for the moment) any euros.
During the eurozone crisis, the EU established financial instruments such as the European Financial Stabilization Mechanism (EFSM) and the European Stability Mechanism (ESM), capable of quickly tapping tens of billions of euros on attractive terms.
Here, the Argentine story suggests, the mechanism loops back to the banks: firms soon start complaining that their income is now denominated in neo-drachmas while their loans remain in euros.
Exceptions like Hungary, where homeowners had foolishly borrowed in seemingly cheap euros and Swiss francs, proved the rule.
Simply put, Germany is unwilling to spend its taxpayers’ euros to bolster Europe.
After dropping by more than half between mid-June and mid-January, oil prices in euros have since bounced back by a third, partly owing to the euro’s sharp depreciation, which is making imports generally more expensive.
Holding euros and acquiring euro-denominated securities have become attractive again around the world, pushing up the exchange rate and causing new difficulties.
As the currency declined, Asian central banks have been seen buying euros hand over fist to bolster their euro reserve assets.
While the turmoil in Europe and the uncertain future of the euro have caused a pause in the shift from dollars to euros, the rebalancing in favor of euros will resume at some point in the future.
Emerging-market countries could also invest in euros, if only they were offered such liquid assets as US Treasury bonds – therein lies the current debate over the proposed creation of “eurobonds.”
In all three countries, tourism is an important sector for employment and the balance of payments, and expenditures have been rising when measured in euros.
In fact, Bulgarian, Croatian, and Romanian households have already loaded up on excessive debt in foreign currencies – primarily euros – in anticipation of joining the monetary union, and this has created substantial financial difficulties.
The value of Greek residents’ savings would be slashed, as euros were suddenly converted into New Drachmas.
And the currency conversion would not save the country one cent with regard to its external debt, which would, of course, remain denominated in euros.
Authoritative and binding Court judgments, many of which require governments to compensate victims, are among the most effective tools for constructive pressure – and may well provide better value in promoting the rule of law than the millions of euros invested annually in technical assistance and training in the erring states.
Commitments regarding increased debt relief, further normalization of relations, and additional aid and investment are possible incentives that European states could put on the table, particularly in the hard push before January 9.Consequences could include new sanctions or the strengthening of existing ones (asset freezes, travel bans, an arms embargo, and capital-market sanctions); increased cooperation with the International Criminal Court on current and potential cases against those most responsible for war crimes in Darfur and the South; postponement of debt relief; and a freeze on oil transactions conducted in euros.
For example, Germany spends billions of euros every year on green-energy subsidies.
Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery comes through austerity and internal devaluation rather than debt restructuring and exit (leading to the reintroduction of sharply depreciated national currencies), the cost will most likely be trillions of euros.
A futile attempt to avoid a breakup for a year or two – after wasting trillions of euros in additional official financing by the core – would mean a disorderly end, including the destruction of the single market, owing to the introduction of protectionist policies on a massive scale.
Even Britain's Secretary of State for Education admits that higher education would need 18 billion additional euros in the budget merely to return standards of education to where they were ten years ago in terms of staff-student ratios and the condition of buildings and equipment.
The eurozone today does not have a foreign-debt problem – all of the debt in question is in euros, and most of it is owed by European governments to their own countries’ banks.
Would the price of oil have increased less if oil were priced in euros instead of dollars?
The thinking behind the question of whether oil would cost less today if it were priced in euros seems to be that, since the dollar has fallen relative to the euro, this would have contained the rise in the price of oil.
In reality, the currency in which oil is priced would have no significant or sustained effect on the price of oil when translated into dollars, euros, yen, or any other currency.
That translates into 75 euros at the current exchange rate of around $1.60 per euro.
If it were agreed that oil would instead be priced in euros, the quoted market-equilibrating price would still be 75 euros and therefore $120.
Any lower price in euros would cause excess global demand for oil, while a price above 75 euros would not create enough demand to absorb all of the oil that producers wanted to sell at that price.
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