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BUSINESS
March 6, 1995 | Times Staff and Wire Reports
EU Devalues Peseta: The Spanish currency along with the Portuguese escudo were devalued today against other member currencies of the European Union exchange rate mechanism. The peseta was devalued by 7% and the escudo by 3.5%. It was the fourth devaluation of the currencies since 1992.
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BUSINESS
March 6, 1995 | Times Staff and Wire Reports
EU Devalues Peseta: The Spanish currency along with the Portuguese escudo were devalued today against other member currencies of the European Union exchange rate mechanism. The peseta was devalued by 7% and the escudo by 3.5%. It was the fourth devaluation of the currencies since 1992.
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TRAVEL
April 1, 2001 | ARTHUR FROMMER
Travel questions. Many of them are of interest only to the person posing the question,, but some relate to choices or problems affecting many people. From a recent outpouring of questions, here are some answers that may affect your own travel plans. Question: My wife and I, ages 78 and 79 but in good health, have just been denied the right to rent a car in Europe because of our age. Any suggestions?
NEWS
September 18, 1992 | JOEL HAVEMANN, TIMES STAFF WRITER
Europe's currency crisis deepened Thursday as the Italian lira plummeted in value and the Irish punt, the Danish krone and even the powerful French franc came under intense selling pressure. But Germany refused to cut the high interest rates that most other European nations blame for the tumult. One bright spot was the British pound, which grew stronger even though the British government reduced interest rates one day after abandoning its ultimately futile effort to prop up the currency's value.
NEWS
September 18, 1992 | TOM PETRUNO and JOEL HAVEMANN, TIMES STAFF WRITERS
Europe's financial crisis held global markets in a tight grip Thursday, as many European currencies continued to plunge in value against the German mark. But by the close of trading in London and then in New York, some traders said a relative calm appeared to be descending in advance of France's vote Sunday on the Maastricht Treaty of European economic unity.
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