They would also incur losses on their claims and investments denominated in euros.

In Europe, the market for Greek debt has frozen, and interest rate spreads between Irish and German euro denominated debt recently reached alarming levels.

Some contracts denominated in euros would be subject to Greek law, some to European law, and others for example, derivatives contracts to British or US law.

By contrast, if Italy left the eurozone, its euro denominated debt burden would become unsustainable and would have to be restructured, plunging the global financial system into chaos.

The creditor countries, by contrast, would incur losses on their claims and investments denominated in euros and encounter stiffer competition at home from other eurozone members.

If the dollar is likely to fall against the euro over the next several years, investments in euro denominated bonds issued by the German or French governments may provide higher safe returns.

(In euros)

Budgeting for non euro expenditures

The figures are expressed at 2006 2007 cost levels.

(a) Refund of prior year expenditures

(b) Sales of used equipment

(c) Net gain on exchange.

As holders of euro denominated assets recognized this situation, they turned to the ECB for insurance (which the ECB could not deliver under its previous president, Jean Claude Trichet, whose leadership was defined by his commitment to maintaining price stability).

B. Introduction of the euro

Programme A.1 Meetings of the Governing Bodies

General description

Programme B.1 Executive Direction and Management

General Direction and Management

(j) Acting as the ICT focal point for the United Nations system

(d) Interact with other United Nations sister organizations on issues related to management and administration and particpate in meetings in conjunction with United Nations wide events.

Programmes H.1 and H.2 Common Buildings Management and Joint Buildings Management

Programme H.1 Common Buildings Management

Until the euro weakened recently, Chinese bankers had been buying more euro denominated assets, no doubt recognizing that, despite the frailty of the eurozone economy, Chinese exporters also need European consumers to keep buying their goods.

Inputs (resource estimates in euros)

(b) Euro presentation of technical cooperation activities

Annex I, table 1 euro statements

Parties could be asked to agree that annual contributions be fixed in euros and the equivalent of the euro amount be paid in any convertible currency.

The vast majority of expenses incurred by the Court are in euros.

The Panel therefore determines the appropriate exchange rate applicable to claims expressed in other currencies.

Accrued interest from the euro cash pool

Today, these assets and liabilities are all in euros.

The Danish peg now to the euro still holds.

Average hourly wagea by employment type and gender (in euros)

The approach for preparing the euro statement is based on the following

Holding euros and acquiring euro denominated securities have become attractive again around the world, pushing up the exchange rate and causing new difficulties.

One country began reporting in euros for the first time in 2003.

It's the year 2000, the year when the Zionist army finally left the Lebanese Soil (except for Shebaa farms) because of the amazing Lebanese resistance.

(a) Effective 1 January 2002, the euro should be used as the official currency for those emoluments which are currently set in the national currencies of the twelve euro zone countries, and that the national currency amounts would be converted by applying the respective fixed conversion rates and then rounded up or down to the nearest euro

Of course, the rate of increase of the price of oil in euros during the past year was lower than the rate of increase in dollars. The euro price of oil in May 2007 was 48 euros, or 56 below its current price.

The dollar s slide after 1985 made the real burden of Latin America s dollar debt much lighter.

The yen s rising value raises the yield on Japanese bonds relative to the yield on bonds denominated in other currencies.

The most obvious means of recapitalizing China s banks would be to inject renminbi denominated government debt into the banking sector.

If I borrow euros at 4 for ten years, I know that I will have to pay back 4 of the principal owed as interest in euros every year, but I don t know what this amounts to.

a Based on the United Nations exchange rate for March 2004, 0.804.

Daily subsistence allowance rate in euros, 233 (plus 40 for judges).