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The euro made its biggest gain in 18 months, [270] before falling to a new four-year low a week later. [271] Shortly after the euro rose again as hedge funds and other short-term traders unwound short positions and carry trades in the currency. [272] Commodity prices also rose following the announcement. [273] The dollar Libor held at a nine ...
Greece was accepted into the Economic and Monetary Union of the European Union in June 2000, and in January 2001 adopted the euro as its currency, replacing the Greek drachma. [221] Greece is a member of the International Monetary Fund and the World Trade Organisation .
The following list provides information relating to the minimum wages (gross) of countries in Europe. [1] [2]The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [3] Belgium (38 hours), [4] United Kingdom (38 hours), [3] Germany (38 hours), [5] Ireland (39 hours) [5] and Monaco (39 hours). [6]
The development of trade with the Western powers, such as the United Kingdom, and the payment of reparations to the Soviet Union led to Finland's transformation from a primarily agrarian society to an industrialised one. Valmet, originally a shipyard and then several metal workshops, was established to produce materials for war reparations.
This was the highest rate since the end of the baby boom in 1973 and coincides with the rise of the total fertility rate from a nadir of 1.7 in 1994 to 2.0 in 2010. Since 2011, France's fertility rate has been steadily declining; [231] it stood at 1.79 per woman in 2023, [232] below the replacement rate of 2.1 and well below the high of 4.41 in ...
With a 2005 GDP of €94.376 billion (US$121.5 billion), [156] [needs update] the city produces 6.7% of the national GDP (more than any other single city in Italy), and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union capital cities. [156]