Europe used to be The Bomb (before The Bomb). It was the leading edge of the world when it came to innovation, technology, financial power, forward thinking, and sauce, both white and red. But then things changed, and the region felt it had to unionize to feel empowered. So it did, sorta, leaving us today with the European Union, a group of countries in Europe that have banded together to form an economic community...a free-trade zone, plus a common currency (not everyone in the EU uses the euro, but still).
However, getting to that point was a long process. It started in 1950s with the European Coal and Steel Community, and continued with the formation of the European Economic Community, created by 1957's Treaty of Rome. This organization, eventually renamed the European Community, was the precursor to the European Union.
By 2009, the EC had become fully subsumed into the EU, which collectively now recalls a fonder, better, more powerful era 100 years ago when they were...a "something."
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Finance: What is LIBOR?21 Views
Finance allah shmoop what is a lie Boer No it's
not the result of these two zoo animals Mating lie
Boer stands for london interbank offering rate And it's basically
just the british quote fed unquote central bank rate reflecting
the absolute lowest interest rate at which the british banking
system well loan money to its best Most well heeled
customers like you know sainsbury's and bp and barclays and
the guy who plans royal weddings So library is the
best or cheapest rate at which the british banking system
will lend money Most loans come at some premium to
lie before i risk your loans might come in something
like on a live or plus fifty basis points or
something like that so that if lie boris currently quoted
at two point two five percent interest well then the
lie bore plus fifty loan would be loaned out at
two point seven five percent interest And libras important has
been around forever and much of the world uses it
as thie pegging number two then add some risk percentage
on top of it when they quote loans to whoever
they're loaning money to That's basically it No need for 00:01:08.819 --> [endTime] any wild animals teo you know get wild
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