American English vs. Canadian English (Spelling Differences)

American English versus Canadian English (Spelling Differences) American English versus Canadian English (Spelling Differences) On the off chance that you allude to a Canadian individual similar to a blend of American and English, they will properly question (though respectfully). Yet, on the off chance that you portray Canadian English in those terms, you wouldn’t be a long way from reality! I don't get that's meaning by and by, however? Let us take a gander at a portion of the spelling contrasts. Pleasant banner, yet it could do with more stars Spelling Conventions in Canadian English Canadian English favors a blend of British and American spelling. In Canadian English, for instance, the word â€Å"favor† would be spelled â€Å"favour,† which is equivalent to in the UK. Some key spelling shows are summed up beneath. Canadian English: Likes - ize and - yze word endings (e.g., arrange and break down) Utilizations - our toward the finish of certain words rather than - or (e.g., shading or favor) Take - re rather than - er toward the finish of numerous words (e.g., focus or fiber) Utilizations - ce rather than se toward the finish of certain words (e.g., resistance or offense) Recognizes thing and action word types of certain words (e.g., practice and practice) Pairs the last â€Å"l† in words while including a vowel postfix (e.g., voyager or dropped) Favors the British English spelling for terms that contain - ae-or - oe-(for example sedative) Utilizations - ogue rather than - og toward the finish of specific words (e.g., inventory) We can think about a portion of these spelling shows in various vernaculars underneath. Canadian English American English English sort out/investigate sort out/investigate sort out/investigate shading shading shading focus focus focus resistance resistance resistance practice (thing) practice (action word) practice (thing and action word) practice (thing) practice (action word) voyager voyager voyager sedative sedative sedative list list list Other Spelling Issues As should be obvious, with the greater part of the spellings above, Canadians follow the British model. Notwithstanding, there are additionally words where Canadian English matches the American English spelling. These include: Tire (spelled â€Å"tyre† in British English) Control (spelled â€Å"kerb† in Britain) Aluminum (spelled â€Å"aluminium† in British English) Subsequently, it is insightful to check any term you’re uncertain about when utilizing Canadian English. Ideally this has helped you with the fundamentals of Canadian-style spelling. However, to ensure your composing is appropriate for our northern neighbors (or, as a Canadian would state, â€Å"neighbours†), send us your record and select Canadian English as your favored editing language.

The Possibility of an Island Review Essay Example

The Possibility of an Island Review Paper Article on The Possibility of an Island Without a doubt many envision books Frenchman Beigbeder? Presently envision the equivalent Beigbeder, yet found the formula for composing genuine writing, which most likely will enter the century. Meet Michel Houellebecq, French, minor, and how I loved it marked one pundit - . Sexual psychopathâ » There are books, the writers of the book which he composed something extremely troublesome. It is troublesome, in light of the fact that the item is so profound, there are such a large number of propensities, and not just, or even the Gulf Stream of the Yucatan. Surface or hurried peruser may see the adoration line, bunch sex, drugs trust me, it catch We will compose a custom exposition test on The Possibility of an Island Review explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on The Possibility of an Island Review explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on The Possibility of an Island Review explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Also, regardless of whether you wouldn't fret that the principle pornorezhisser book legend.. Separate the wheat from the Pleven Welbeck logician, and the inquiries it brings up in his book - . Beigbeder until the teeth. To the inquiry, and here Beigbeder, since this audit of Michel Houellebecq answer and actually, and the other for weighting, and maybe to satisfy a more youthful crowd, and maybe to show his disdain for open establishments passes points: sex, drugs, liquor. In Houellebecq and it is. What's more, more and more extreme and harder. A generous perusers are terrified and have just chosen to set the book aside? For no situation. Welbeck in his book raises various issues with the end goal that the perusing of this book - . Sure  «Possibility of an Island is another ideal world. Creator puts mankind sentence: human joy is unimaginable, attempt to discover it not justified, despite any potential benefits. Try not to turn out. Welbeck offers the plan to give his DNA and to make heartless clones of individuals. Kolko, irate, here and there terrible, yet without all uncertainty, the writer makes it  «Talmud » and the new of insight, read that, an unquestionable requirement, as this scrumptious nourishment for the mind, an endeavor to investigate the present society with its qualities, what's more, eventually, it is an exchange with yourself.

MeisterTask 3.0.1 for iOS Is Out! - Focus

MeisterTask 3.0.1 for iOS Is Out! - Focus MeisterTask 3.0.1 just hit the App Store, so if you havent done it yet, be sure to update now! This latest update greatly improves My To-Dos (formerly known as personal checklists), enabling you to turn them into fully-featured tasks. Following our recent update to version 3.0, which introduced a number of relatively subtle improvements to MeisterTasks UI as well as making the mobile app fully GDPR compliant, were happy to let you know that version 3.0.1 is now available on the App Store. With the latest update, you are now able to convert items in My To-Dos into fully-featured tasks, as well as delete them without having to complete them first. My To-Dos are checklist items that are not associated with any project. They are only visible to yourself and can be found in the fourth dashboard screen, called My Tasks, where they are displayed above all other tasks assigned to you. How to Turn My To-Dos Into Tasks To turn a To-Do item into a task, long-tap on it until the menu appears at the bottom of the screen, and then select Convert to task. This will open a task dialog where you can add more details to the task, such as a due date and tags, and assign the task to a project and section of your choice. In the same menu, youll also find the option to delete the To-Do item. My To-Do items that are completed will automatically disappear after a few seconds. Within that time you can still undo the completion, for instance if youve tapped the item by accident. Once the item has disappeared, however, it is permanently gone. My To-Dos will soon be synced with MeisterTasks web and desktop apps, too. Stay tuned! MeisterTask 3.0.1 for iOS Is Out! - Focus MeisterTask 3.0.1 just hit the App Store, so if you havent done it yet, be sure to update now! This latest update greatly improves My To-Dos (formerly known as personal checklists), enabling you to turn them into fully-featured tasks. Following our recent update to version 3.0, which introduced a number of relatively subtle improvements to MeisterTasks UI as well as making the mobile app fully GDPR compliant, were happy to let you know that version 3.0.1 is now available on the App Store. With the latest update, you are now able to convert items in My To-Dos into fully-featured tasks, as well as delete them without having to complete them first. My To-Dos are checklist items that are not associated with any project. They are only visible to yourself and can be found in the fourth dashboard screen, called My Tasks, where they are displayed above all other tasks assigned to you. How to Turn My To-Dos Into Tasks To turn a To-Do item into a task, long-tap on it until the menu appears at the bottom of the screen, and then select Convert to task. This will open a task dialog where you can add more details to the task, such as a due date and tags, and assign the task to a project and section of your choice. In the same menu, youll also find the option to delete the To-Do item. My To-Do items that are completed will automatically disappear after a few seconds. Within that time you can still undo the completion, for instance if youve tapped the item by accident. Once the item has disappeared, however, it is permanently gone. My To-Dos will soon be synced with MeisterTasks web and desktop apps, too. Stay tuned!

Essay Hobbes and Goldman The Good Life and Political...

The nature of a good life and its relation to political legitimacy is a subject which both Thomas Hobbes and Emma Goldman examine in their writings. Hobbes claims that only basic survival is necessary to live a good life because ultimately life is more valuable than comfort. Goldman on the other hand claims that freedom is far more important than simply living and a good life can only be lived by someone who is free to do as they please. In order for a political theorist to understand how legitimate governments and communities aught treat their citizens these theories are essential. For example, if a community holds a Hobbesian view than they will have a strong authoritarian leadership, whereas in a Goldman inspired community would have†¦show more content†¦Stemming from his theories regarding the definition of a good life, Hobbes’ view of political legitimacy is very centered on the ability of the ruler to effectively govern. The first and most important aspect of H obbes’ view of legitimacy is the idea of a â€Å"social contract.† A social contract an agreement between those who are in power and those who are ruled which is a framework which one can view societal relations within. In Hobbes’ ideal government the citizens are free to do anything that is not proscribed by the state; however, if the sovereign creates laws or â€Å"chains,† citizens must accept them as legitimate because of the social contract that they tacitly agree to. Citizens give up their rights to resources and freedom of action in exchange for the benefits of peace as well as the protection of the sovereign. In essence, according to Hobbes, any government which can provide stability for its people is legitimate (although he also claims there may be benefits to an autocratic monarchy as opposed to more democratic forms of government.). Furthermore, Hobbes disputes the idea that people need to give explicit consent to be legitimately governed. In t he utopian â€Å"Commonwealth† that Hobbes proposes a ruler can become legitimate not only through a concordat with the populace but also through strength of arms. If a ruler acquires power though coercive means then, according to Hobbes, he has totalShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesGlobalization 16 †¢ Managing Workforce Diversity 18 †¢ Improving Customer Service 18 †¢ Improving People Skills 19 †¢ Stimulating Innovation and Change 20 †¢ Coping with â€Å"Temporariness† 20 †¢ Working in Networked Organizations 20 †¢ Helping Employees Balance Work–Life Conflicts 21 †¢ Creating a Positive Work Environment 22 †¢ Improving Ethical Behavior 22 Coming Attractions: Developing an OB Model 23 An Overview 23 †¢ Inputs 24 †¢ Processes 25 †¢ Outcomes 25 Summary and Implications for Managers 30 S A L Self-Assessment

Couples therapy/therapeutic techniques for couples who have experienced extra marital affairs Free Essay Example, 2500 words

Recently marriage has become a national issue of public policy in the United States. The Bush Administration has proposed that the Federal government dedicate $300 million a year as part of the Temporary Assistance for Needy Families (TANF) program to "help couples form and sustain healthy marriages. " Proposed legislation focuses on eight allowable activities: 1. Public advertising campaigns on the value of marriage and the skills needed to increase marital stability and health. 2. Education in high schools on the value of marriage, relationship skills, and budgeting. 3. Marriage education, marriage skills, and relationship skills programs, which may include parenting skills, financial management, conflict resolution, and job and career advancement, for non-married pregnant women and non-married expectant fathers. 4. Pre-marital education and marriage skills training for engaged couples and for couples or individuals interested in marriage. 5. Marriage enhancement and marriage skill s training programs for married couples. 6. Divorce reduction programs that teach relationship skills. 7. Marriage mentoring programs, which use married couples as role models and mentors. 8. Programs to reduce the disincentives to marriage in means-tested aid programs, if offered in conjunction with any activity described in this subparagraph. Source: Personal Responsibility, Work, and Family Promotion Act of 2003.We will write a custom essay sample on Couples therapy/therapeutic techniques for couples who have experienced extra marital affairs or any topic specifically for you Only $17.96 $11.86/pageorder now H. R.4.IH Even though there is a strong norm in society against extramarital sexual relationships (Treas & Giesen, 2000), sexual affairs are a problem in many marriages. Recent national studies have found that nearly one-quarter of husbands and more than one in ten wives has had extramarital sex at some point during their marriage (Laumann, Gagnon, Michael, & Michaels, 1994). For example, Wiederman (1997) reported that 22.7% of married men and 11.6% of women had extramarital sex during their marriage. These percentages include 4.1% of men and 1.7% of women who had sex outside of marriage within the last 12 months. Reasons or Circumstances for Extramarital Affairs An affair is a sexual participation with someone other than the spouse, which is hidden from the spouse. The affair is an indication of problems in the marital relationship. The discovery of the affair precipitates a crisis in the marriage. The most intimidating aspect is not the affair itself, but the feelings of betrayal and helplessness. Affairs presume a wide variety of forms and are conducted in many creative ways.

Economic Crisis in Europe Free Essays

How does Economic Crisis Affect European Union and how Does EU Reacts Introduction to the European Union and the Economic Crisis It is a fact world wide that we are facing an economic crisis. There are many Countries inside European Union that can hardly respond to the values of the crisis. The whole commission has to Decide and act properly for all those countries that can hardly respond to the crisis. We will write a custom essay sample on Economic Crisis in Europe or any similar topic only for you Order Now The depth and breath of the current global financial crisis is unprecedented in post-war economic history. It has several features in common with similar financial-stress driven crisis episodes. It was preceded by relatively long period of rapid credit growth, low risk premiums, abundant availability of liquidity, strong leveraging, soaring asset prices and the development of bubbles in the real estate sector. Stretched leveraged positions and maturity mismatches rendered financial institutions very vulnerable to corrections in asset markets, deteriorating loan performance and disturbances in the wholesale funding markets. Such episodes have happened before and the examples are abundant (e. g. Japan and the Nordic countries in the early 1990s, the Asian crisis in the late-1990s). But the key difference between these earlier episodes and the current crisis is its global dimension. ( http://ec. europa. eu/economy_finance/publications/publication15887 ) THE CRISIS FROM A HISTORICAL PERSPECTIVE A perfect storm. This is one metaphor used to describe the present global crisis. No other economic downturn after World War II has been as severe as today’s recession. Although a large number of crises have occurred in recent decades around the globe, almost all of them have remained national or regional events – without a global impact. So this time is different – the crisis of today has no recent match. To find a downturn of similar depth and extent, the record of the 1930s has to be evoked. Actually, a new interest in the depression of the 1930s, commonly classified as the Great Depression, has emerged as a result of today’s crisis. By now, it is commonly used as a benchmark for assessing the current global downturn. The purpose of this hapter is to give a historical perspective to the present crisis. In the first section, the similarities and differences between the 1930s depression and the present crisis concerning the geographical origins, causes, duration and impact of the two crises are outlined. As both depressions were global, the transmission mechanism and the channels propagating the crisis across countries are anal yzed. Next, the similarities and differences in the policy responses then and now are mapped. Finally, a set of policy lessons for today are extracted from the past. A word a warning should be issued before making comparisons across time. Although the statistical data from previous epochs are far from complete, historical national accounts research and the statistics compiled by the League of Nations offer comprehensive evidence for this chapter. Of course, any historical comparisons should be treated with caution. There are fundamental differences with earlier epochs concerning the structure of the economy, degree of globalization, nature of financial innovation, state of technology, institutions, economic thinking and policies. Paying due attention to them is important when drawing lessons. (http://ec. europa. eu/economy_finance/publications/publication15887 ) Responses to Crisis In a single market and a huge trading bloc like the EU, coordination of national economic policies is important. Through such coordination, the EU can act with speed and consistency when faced with economic challenges, as the current economic and financial crisis. Sixteen countries have even one step further by adopting the euro currency. The framework for cooperation in economic policy is Economic and Monetary Union (EMU), whose members are all EU countries is a framework within which countries agree common guidelines on important issues of the economy. The final result of the cooperation is more growth, more jobs and higher level of social protection for all. Moreover, this cooperation allows the EU to respond to global economic and financial challenges in a coordinated way. The EU as a major trading power, is more resilient to external shocks and, thus, can effectively address the various economic and financial problems. The EU has faced in a coordinated way the current financial and economic crisis, from the first moment occurred in October 2008. National governments, the European Central Bank (ECB) and the Commission work together to protect their savings to maintain the flow of credit at affordable terms for businesses and households, and to establish a better system of global management of the financial sector. The aim is not simply the restoration of stability but to ensure that the conditions to re-launch growth and job creation. So far, EU governments have placed more than 2 trillion for the rescue effort of their economies. European leaders have coordinated their interventions, providing support and allowing banks to grant loan guarantees. The EU also increased state guarantees for private savings accounts to 50,000 euros. The use of the euro as common currency in many European countries worked very positively during the crisis. Helped the EU to react to the global credit crisis in a coordinated manner and provide greater stability than would happen without it. For example, as the ECB could cut interest rates throughout the euro area (instead of each country sets its own exchange rate), banks across the EU can now borrow or lend to each other under the same conditions . The euro is used daily by more than 60% of EU citizens Having a single currency was a win-win for abolished the cost of converting currencies at leisure or business trips within the eurozone, abolished or significantly decreased in almost all Where the cost of cross-border payments; consumers and businesses can easily compare prices, thus fostering competition. Participation in the euro zone is a guarantee of price stability. The ECB sets the key interest rates at levels designed to keep medium-term inflation in the euro area below 2%. It also manages the foreign reserves of the EU to intervene in currency markets to influence the euro exchange rate. (http://europa. eu/pol/financ/index_el. htm ) Europe, mistakes and the economic crisis The crisis was born on August 9, 2007, when the European Central Bank (ECB) introduced 95 billion liquidity to markets, while the BNP Raribas freeze three investment funds because of subprime had value. The injections are slightly stimulated the patient and the ECB has gained credibility. Apart from the monetary policy should, however, warned governments to take steps to eradicate the evil and to prevent the liquidity crisis be turned into a solvency crisis. Then the ECB was slow to cut interest rates. When in March the European Parliament held a debate devoted to these issues in preparation for the European Council in April, the former Irish Finance Minister Charlie Mc. Creevy had preferred to keep racing †¦ Also the perception of Manuel Barroso’s role is questionable. Rather than enshrine it in the spirit of community spirit, arrested him as a dead leaf which is led and borne by the wishes of the Council: the Commission should propose only what Member States want. The organization of the Commission creates a blind spot in understanding this crisis. The macroeconomic and related issues with the markets depend on two different committees. In the European Parliament in October 2006 calling on the Commission â€Å"to pay more attention to the effects of market behavior on the macroeconomic situation in the euro area. Because there had to break the morale of the household, mobile motorized development, and because it was easier not to go ahead, the governments leave the ECB to intervene alone. Adopt them journey to the lessons of the crisis are not dealt with the pollution of subprime, the address of which is limited to calls for transparency from banks. But this is contrary to the rules of the market because it requires â€Å"players† to risk their reputation. Transparency could be only by on-site inspections, for which nobody had the means. In the spring the International Monetary Fund released figures decline in growth in Europe while car sales fell in Germany. In the holy alliance of the European executive and the ECB decided that the data were under American influence and too pessimistic. By optimizing the expectations we had in denial of reality. After a serious error assessment of the Bush administration ran away evil and rotten egg of subprime cut the mayonnaise in the world economy have serious economic and social consequences. The decision to leave at the Lehman collapse Vrothers on September 15 caused a systemic crisis marking the death certificate of the Reagan-Thatcher era. In Europe-in this new phase of the crisis-the first reflex was to rescue the Irish, which has decided to guarantee all deposits of banks. Angela Merkel initially denied any plan to support the European banking sector. After Nicolas Sarkozy left alone against the German refusal, Gordon Brown presented his own plan and moved to the Eurogroup. As a former Finance Minister of the main economic spot of Europe, he knew very well what he was talking and was able to combine the political imperative for action control mechanisms. Nicolas Sarkozy, who has made Jean-Claude Trichet in the class of head of state or government, seemed to be trying to play a kind of changing the State Monopoly French capitalism, industry and the media depending on the mood. This was perhaps another reason why the banks refused the first version of the plan and forced the state to offer loans without taking any involvement. We thus present a massive plan to support banks without exchange intervention to long-term strategy. There is also a risk that the pressure for reforms to evaporate with a new relative stabilization of markets and argued that any significant change endangers the fragile economies. Finally, the European response to banking crisis will be in parallel with national plans. An ambitious Commission will undertake to lead the implementation of these projects to be used in a European strategy. Europe can provide the best, the ability of the default rules, is the soft power of the modern era that is so necessary by globalization. For this reason the Commission should rediscover the nature and take-back initiatives is one of the great challenges of the next European schedule. (http://www. tovima. gr/default. asp? pid=2ct=6artid=23784dt=18/11/2008 ) Economic crisis leading to â€Å"relaxation† of EU rules on deficits The ‘relaxation’ of the rules on deficits under the Stability Pact (up to 3% of GDP) in fact go the European governments, as the financial crisis requires more government spending to avoid recession. Although the head of the Eurogroup Jean-Claude Juncker said at the meeting of four European leaders in Paris on Saturday that â€Å"the Stability Pact should be respected† in its entirety, is a common belief within the EU that will be tolerated a-temporary-breaching the 3% of GDP as the primary objective in this very difficult international situation is the stability of the system. Officially, most EU leaders insist on fiscal discipline is, but everyone knows that without government intervention the situation will deteriorate and European economies will slip into recession. The ‘culture’ that prevails in Europe, captured the French president Nicolas Sarkozy, saying that â€Å"the implementation of the Pact should reflect the exceptional circumstances where we are. † The â€Å"exceptional circumstances†, according to international organizations, the most serious economic crisis of the Great Depression of the 1930s. This issue will be addressed by the European finance ministers Monday (Eurogroup) and Tuesday (Ecofin) in Luxembourg. The ministers will discuss the crisis and will refer to measures taken in their countries to reduce the impact of the credit â€Å"suffocation†. The EU prefers assistance â€Å"in case† and, for the moment at least, does not discuss the possibility of a common reserve fund (suggested and took back then N. Sarkozy) to rescue the banking and general corporate financial industry tested by the crisis. How to cite Economic Crisis in Europe, Papers

Economic Crisis in Europe Free Essays

How does Economic Crisis Affect European Union and how Does EU Reacts Introduction to the European Union and the Economic Crisis It is a fact world wide that we are facing an economic crisis. There are many Countries inside European Union that can hardly respond to the values of the crisis. The whole commission has to Decide and act properly for all those countries that can hardly respond to the crisis. We will write a custom essay sample on Economic Crisis in Europe or any similar topic only for you Order Now The depth and breath of the current global financial crisis is unprecedented in post-war economic history. It has several features in common with similar financial-stress driven crisis episodes. It was preceded by relatively long period of rapid credit growth, low risk premiums, abundant availability of liquidity, strong leveraging, soaring asset prices and the development of bubbles in the real estate sector. Stretched leveraged positions and maturity mismatches rendered financial institutions very vulnerable to corrections in asset markets, deteriorating loan performance and disturbances in the wholesale funding markets. Such episodes have happened before and the examples are abundant (e. g. Japan and the Nordic countries in the early 1990s, the Asian crisis in the late-1990s). But the key difference between these earlier episodes and the current crisis is its global dimension. ( http://ec. europa. eu/economy_finance/publications/publication15887 ) THE CRISIS FROM A HISTORICAL PERSPECTIVE A perfect storm. This is one metaphor used to describe the present global crisis. No other economic downturn after World War II has been as severe as today’s recession. Although a large number of crises have occurred in recent decades around the globe, almost all of them have remained national or regional events – without a global impact. So this time is different – the crisis of today has no recent match. To find a downturn of similar depth and extent, the record of the 1930s has to be evoked. Actually, a new interest in the depression of the 1930s, commonly classified as the Great Depression, has emerged as a result of today’s crisis. By now, it is commonly used as a benchmark for assessing the current global downturn. The purpose of this hapter is to give a historical perspective to the present crisis. In the first section, the similarities and differences between the 1930s depression and the present crisis concerning the geographical origins, causes, duration and impact of the two crises are outlined. As both depressions were global, the transmission mechanism and the channels propagating the crisis across countries are anal yzed. Next, the similarities and differences in the policy responses then and now are mapped. Finally, a set of policy lessons for today are extracted from the past. A word a warning should be issued before making comparisons across time. Although the statistical data from previous epochs are far from complete, historical national accounts research and the statistics compiled by the League of Nations offer comprehensive evidence for this chapter. Of course, any historical comparisons should be treated with caution. There are fundamental differences with earlier epochs concerning the structure of the economy, degree of globalization, nature of financial innovation, state of technology, institutions, economic thinking and policies. Paying due attention to them is important when drawing lessons. (http://ec. europa. eu/economy_finance/publications/publication15887 ) Responses to Crisis In a single market and a huge trading bloc like the EU, coordination of national economic policies is important. Through such coordination, the EU can act with speed and consistency when faced with economic challenges, as the current economic and financial crisis. Sixteen countries have even one step further by adopting the euro currency. The framework for cooperation in economic policy is Economic and Monetary Union (EMU), whose members are all EU countries is a framework within which countries agree common guidelines on important issues of the economy. The final result of the cooperation is more growth, more jobs and higher level of social protection for all. Moreover, this cooperation allows the EU to respond to global economic and financial challenges in a coordinated way. The EU as a major trading power, is more resilient to external shocks and, thus, can effectively address the various economic and financial problems. The EU has faced in a coordinated way the current financial and economic crisis, from the first moment occurred in October 2008. National governments, the European Central Bank (ECB) and the Commission work together to protect their savings to maintain the flow of credit at affordable terms for businesses and households, and to establish a better system of global management of the financial sector. The aim is not simply the restoration of stability but to ensure that the conditions to re-launch growth and job creation. So far, EU governments have placed more than 2 trillion for the rescue effort of their economies. European leaders have coordinated their interventions, providing support and allowing banks to grant loan guarantees. The EU also increased state guarantees for private savings accounts to 50,000 euros. The use of the euro as common currency in many European countries worked very positively during the crisis. Helped the EU to react to the global credit crisis in a coordinated manner and provide greater stability than would happen without it. For example, as the ECB could cut interest rates throughout the euro area (instead of each country sets its own exchange rate), banks across the EU can now borrow or lend to each other under the same conditions . The euro is used daily by more than 60% of EU citizens Having a single currency was a win-win for abolished the cost of converting currencies at leisure or business trips within the eurozone, abolished or significantly decreased in almost all Where the cost of cross-border payments; consumers and businesses can easily compare prices, thus fostering competition. Participation in the euro zone is a guarantee of price stability. The ECB sets the key interest rates at levels designed to keep medium-term inflation in the euro area below 2%. It also manages the foreign reserves of the EU to intervene in currency markets to influence the euro exchange rate. (http://europa. eu/pol/financ/index_el. htm ) Europe, mistakes and the economic crisis The crisis was born on August 9, 2007, when the European Central Bank (ECB) introduced 95 billion liquidity to markets, while the BNP Raribas freeze three investment funds because of subprime had value. The injections are slightly stimulated the patient and the ECB has gained credibility. Apart from the monetary policy should, however, warned governments to take steps to eradicate the evil and to prevent the liquidity crisis be turned into a solvency crisis. Then the ECB was slow to cut interest rates. When in March the European Parliament held a debate devoted to these issues in preparation for the European Council in April, the former Irish Finance Minister Charlie Mc. Creevy had preferred to keep racing †¦ Also the perception of Manuel Barroso’s role is questionable. Rather than enshrine it in the spirit of community spirit, arrested him as a dead leaf which is led and borne by the wishes of the Council: the Commission should propose only what Member States want. The organization of the Commission creates a blind spot in understanding this crisis. The macroeconomic and related issues with the markets depend on two different committees. In the European Parliament in October 2006 calling on the Commission â€Å"to pay more attention to the effects of market behavior on the macroeconomic situation in the euro area. Because there had to break the morale of the household, mobile motorized development, and because it was easier not to go ahead, the governments leave the ECB to intervene alone. Adopt them journey to the lessons of the crisis are not dealt with the pollution of subprime, the address of which is limited to calls for transparency from banks. But this is contrary to the rules of the market because it requires â€Å"players† to risk their reputation. Transparency could be only by on-site inspections, for which nobody had the means. In the spring the International Monetary Fund released figures decline in growth in Europe while car sales fell in Germany. In the holy alliance of the European executive and the ECB decided that the data were under American influence and too pessimistic. By optimizing the expectations we had in denial of reality. After a serious error assessment of the Bush administration ran away evil and rotten egg of subprime cut the mayonnaise in the world economy have serious economic and social consequences. The decision to leave at the Lehman collapse Vrothers on September 15 caused a systemic crisis marking the death certificate of the Reagan-Thatcher era. In Europe-in this new phase of the crisis-the first reflex was to rescue the Irish, which has decided to guarantee all deposits of banks. Angela Merkel initially denied any plan to support the European banking sector. After Nicolas Sarkozy left alone against the German refusal, Gordon Brown presented his own plan and moved to the Eurogroup. As a former Finance Minister of the main economic spot of Europe, he knew very well what he was talking and was able to combine the political imperative for action control mechanisms. Nicolas Sarkozy, who has made Jean-Claude Trichet in the class of head of state or government, seemed to be trying to play a kind of changing the State Monopoly French capitalism, industry and the media depending on the mood. This was perhaps another reason why the banks refused the first version of the plan and forced the state to offer loans without taking any involvement. We thus present a massive plan to support banks without exchange intervention to long-term strategy. There is also a risk that the pressure for reforms to evaporate with a new relative stabilization of markets and argued that any significant change endangers the fragile economies. Finally, the European response to banking crisis will be in parallel with national plans. An ambitious Commission will undertake to lead the implementation of these projects to be used in a European strategy. Europe can provide the best, the ability of the default rules, is the soft power of the modern era that is so necessary by globalization. For this reason the Commission should rediscover the nature and take-back initiatives is one of the great challenges of the next European schedule. (http://www. tovima. gr/default. asp? pid=2ct=6artid=23784dt=18/11/2008 ) Economic crisis leading to â€Å"relaxation† of EU rules on deficits The ‘relaxation’ of the rules on deficits under the Stability Pact (up to 3% of GDP) in fact go the European governments, as the financial crisis requires more government spending to avoid recession. Although the head of the Eurogroup Jean-Claude Juncker said at the meeting of four European leaders in Paris on Saturday that â€Å"the Stability Pact should be respected† in its entirety, is a common belief within the EU that will be tolerated a-temporary-breaching the 3% of GDP as the primary objective in this very difficult international situation is the stability of the system. Officially, most EU leaders insist on fiscal discipline is, but everyone knows that without government intervention the situation will deteriorate and European economies will slip into recession. The ‘culture’ that prevails in Europe, captured the French president Nicolas Sarkozy, saying that â€Å"the implementation of the Pact should reflect the exceptional circumstances where we are. † The â€Å"exceptional circumstances†, according to international organizations, the most serious economic crisis of the Great Depression of the 1930s. This issue will be addressed by the European finance ministers Monday (Eurogroup) and Tuesday (Ecofin) in Luxembourg. The ministers will discuss the crisis and will refer to measures taken in their countries to reduce the impact of the credit â€Å"suffocation†. The EU prefers assistance â€Å"in case† and, for the moment at least, does not discuss the possibility of a common reserve fund (suggested and took back then N. Sarkozy) to rescue the banking and general corporate financial industry tested by the crisis. How to cite Economic Crisis in Europe, Papers