In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options. ↗
So you're quite right that when... as the Cold War grew and expanded out of Europe, we ourselves had to take refuge behind the shield of the Monroe Doctrine. ↗
Europe is so well gardened that it resembles a work of art, a scientific theory, a neat metaphysical system. Man has re-created Europe in his own image. ↗
And the Marshall Plan, to us, meant a general who had turned into a secretary of state, and that the secretary of state saw the necessity of the reconstruction of these European countries that had suffered so heavily. ↗
In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step. ↗
Perhaps more than any other disease before or since, syphilis in early modern Europe provoked the kind of widespread moral panic that AIDS revived when it struck America in the 1980s. ↗
Of course the barbarians' aim of world domination has not escaped the attention of the Europeans, perhaps because unlike us they are closer to the walls. ↗
Canadians tend to be a bit more religious than most Europeans - though not more than the Poles or Ukrainians. Most important, their attitude to immigration and ethnic minorities is more positive than that of most Europeans. ↗
