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Euromarket |
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euromarket [ˈjʊərəʊˌmɑːkɪt] n
1. (Economics, Accounting & Finance / Banking & Finance) a market for financing international trade backed by the central banks and commercial banks of the European Union 2. (Business / Commerce) the European Union treated as one large market for the sale of goods and services Translations How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| During the bubble, companies were able to go to London's Euromarket and issue warrant bonds (giving investors the chance to buy rapidly appreciating stock at a set price) at rates as low as 1 percent. For example, the gap between the rates charged for prime loans by the city banks and those available in the Euromarket have provided an incentive for internationally recognized Japanese firms to search actively for less costly alternatives to domestic bank funding. Okonjo-Iweala is the recipient of numerous awards and honors, the latest being the Euromarket Forum award for vision and courage on the design and implementation of Nigeria's economic-reform program. |
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