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In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).
Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London
She and her partner didn't want to move home to San Francisco long term because of rising crime. In 2016, I quit my job as a manager at a government agency in San Francisco to go traveling. San Francisco is not what it used to beI grew up in San Francisco, and that's where my family lives. You can't avoid homelessness anywhere, but the homelessness problem in San Francisco has become overwhelming. After we got married, we traveled to South America for eight months before I returned to San Francisco to visit my parents.
Persons: Gigi Chow, didn't, , we'd, There's, Croatia We'd, Expats, you'll, I'm, It's, Roger, I'd Organizations: Service, Food Locations: San Francisco, Croatia, Dubrovnik, Europe, Asia, America, Barcelona, Spain, South America, Adriatic, It's, Francisco, California, Thailand, East Asia
The 33-year-old Czech, who also beat Vekic en route to victory at the Miami Open this year, earned her 31st career title. The left-hander looked completely at ease on the surface as she captured her sixth title on grass, more than any other active WTA player, in a warning to her rivals ahead of Wimbledon. "I love grass, I love you," Kvitova told a thinning crowd at the Steffi Graf stadium. Kvitova found herself a break down early in the second set but battled back from 5-3 and moved 6-5 up with an ace. Vekic, who has shot up the rankings from 69th to 23rd this season following an Australian Open quarter-final spot and a title in Monterrey, forced a tiebreak.
Persons: Petra Kvitova, Croatia's Donna Vekic, Lisi Niesner BERLIN, Donna Vekic, Kvitova, Steffi Graf, Donna, Vekic, Karolos, Christian Radnedge, Hugh Lawson Organizations: Tennis Club, Wimbledon, Miami, Eastbourne, Croat, Thomson Locations: Berlin, Germany, Czech, Croatia, London, Wimbledon, Monterrey
The 26-year-old had first beaten lucky loser Elina Avanesyan in straight sets in their quarter-final on Saturday morning after play was cancelled due to heavy rain on Friday. Vekic made it two wins from her Saturday matches on her fourth match point with another forehand winner flying past her opponent, who also had to play twice in a day, having earlier beaten Marketa Vondrousova in her last-eight match. Sakkari has now lost all five of her semi-finals this season. Vekic will face either Russian Ekaterina Alexandrova or Czech Petra Kvitova in Sunday's final. Reporting by Karolos Grohmann; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Donna Vekic, Greece's Maria Sakkari, Lisi Niesner BERLIN, Maria Sakkari, Elina Avanesyan, Sakkari, Vekic, Marketa Vondrousova, Ekaterina Alexandrova, Czech Petra Kvitova, Karolos Grohmann, Ken Ferris Organizations: Tennis Club, Thomson Locations: Berlin, Germany, Greece, Czech
CNN —Spain celebrated its first international trophy in 11 years after beating Croatia on penalties in the UEFA Nations League final on Sunday. Spain lifts its first international trophy for 11 years after beating Croatia. Carvajal’s goal sent the Spanish fans into a frenzy, as they celebrated the team’s first international trophy since it won the European Championships in 2012. It was also arguably the last chance for Croatia captain Luka Modric to cap off his brilliant international career with a trophy. It remains to be seen whether the 37-year-old will retire from international duty before having another chance in an international final.
Persons: Dani Carvajal’s, Antonin Panenka, , ” Carvajal, ” Aymeric Laporte, Unai Simon, Martin Meissner, Simon, Croatia’s Bruno Petkovic, Carvajal, Carvajal’s, Luka Modric, Modric Organizations: CNN, Croatia, UEFA Nations League, The Real Madrid, Manchester City, Qatar Locations: Spain, Netherlands, Czech, Majer, Croatia
The UEFA Nations League final live stream is the last big match of the season, and we can show you how to watch Spain vs. Croatia for free from anywhere with this global guide. Today's best free Spain vs. Croatia live streams include English, Spanish, Italian, and Polish commentary options. Watch Spain vs. Croatia live stream for free from anywhereThe game is on Fox Sports 1 in the US, which is a cable channel. European free footy fans can choose a wide selection of countries for a free Nations League final live stream. You can watch Spain vs. Croatia for free in the UK on Channel 4.
Persons: you'll, ExpressVPN, We've Organizations: UEFA Nations League, Nations League, Fox Sports, Watch Spain, Rai, TVP, Champions League, Croatia Locations: Spain, Croatia, Europe, Italy, Poland
ROTTERDAM, June 17 (Reuters) - Spain coach Luis de la Fuente is confident the motivation of playing in the Nations League final will trump any end-of-season fatigue his players might feel after an exhausting campaign. Spain take on Croatia to decide the title in Rotterdam on Sunday after edging Italy in the last minute of their semi-final on Thursday. De la Fuente told a pre-match press conference he had no concerns about his players finding the requisite energy before heading off on holidays. De la Fuente took over as Spain coach after their last-16 elimination at the World Cup last November, and he now has a chance to win a title in only his fourth game in charge. Croatia, however, will be a tricky opponent for Spain, the coach added.
Persons: Luis de la Fuente, De la Fuente, la Fuente, Mark Gleeson, Hugh Lawson Organizations: Nations League, Thomson Locations: ROTTERDAM, Spain, Croatia, Rotterdam, Europe, Cape Town
Croatia's experience might provide edge in final, Perisic says
  + stars: | 2023-06-17 | by ( ) www.reuters.com   time to read: +2 min
ROTTERDAM, June 17 (Reuters) - Croatia’s experience might prove key when they go up against a youthful Spain in Sunday’s Nations League final in the Netherlands, midfielder Ivan Perisic said on the eve of the game. Yes, we do have more experience than they do, having been runners-up at the 2018 World Cup and then third in Qatar. We had a great experience from Russia and from Qatar. “We had a great World Cup in Qatar, where we were a team that have played great matches and put together great results. He's one of our greatest strengths.”The highly rated 21-year-old pulled out of the Nations League finals because of injury.
Persons: Ivan Perisic, , we're, ” Perisic, Zlatko Dalic, Josko, I'm, Dalic, Mark Gleeson, Hugh Lawson Organizations: Sunday’s Nations League, Croatia, Nations League, Feyenoord, Spanish, Italy, Thomson Locations: ROTTERDAM, Spain, Netherlands, Rotterdam, Wednesday’s, Qatar, Russia, ” Spain, Enschede, Croatia
Spain and Man City's Rodri enjoying the best of times
  + stars: | 2023-06-17 | by ( ) www.reuters.com   time to read: +2 min
On Sunday he is expected to be key again, this time for Spain as they take on Croatia to decide the Nations League champions in Rotterdam. But I'm more focused on the team overall, what matters is winning trophies as a team, that's what I've always wanted." DEMANDING SEASON"We have a big game tomorrow after a very long season for me which has been very demanding. "I think it would be brilliant to win a trophy for Spain for the first time in a long while and take Spain to the top. It would be very important not just in terms of winning, but also in terms of forging a winning future.
Persons: Rodri, ” Rodri, I’ve, I've, I'm, Mark Gleeson, Hugh Lawson Organizations: Manchester City, City, Inter Milan, Nations League, Spain, France, Thomson Locations: ROTTERDAM, Spain, Istanbul, Croatia, Rotterdam, Italy, Manchester City, Cape Town
A Fashion Designer’s Classic Milanese Aperitivo
  + stars: | 2023-06-15 | by ( Laura May Todd | ) www.nytimes.com   time to read: +1 min
In Milan, there’s one unofficial but very important entertaining rule: Never throw a party on a Saturday night. Monday through Friday, the city is brimming with creative people — the quiet engines running the design and fashion industries — but, when the weekend rolls around, they tend to leave for the nearby Swiss Alps or the Mediterranean coast. Weekdays are when the Milanese gather and the aperitivo, a postwork, pre-dinner cocktail hour, defines the city’s social life. “The Milanese are very busy,” says the fashion designer Damir Doma, 42, a native of Croatia who was raised in Germany and has been living in the northern Italian city since 2016. “Aperitivo brings everyone together for a short moment to have a drink and a chat.”But for Doma, an aperitivo can also be a celebration.
Persons: there’s, , , Damir Doma, “ Aperitivo, Stephanie Barth Organizations: Milanese, Porta Nuova Locations: Milan, Swiss, Croatia, Germany, Italian, Porta
June 15 (Reuters) - Spanish veteran Feliciano Lopez, who will retire this season after 25 years on the ATP Tour, was appointed tournament director of the Davis Cup Finals on Thursday. Lopez, who has been the Madrid Open's tournament director since 2019, is a four-time Davis Cup champion and reached a career-high ranking of world number 12. "I've been doing this for the last four years with Madrid and in the beginning it was a big challenge for me," Lopez told Reuters. "No more tennis, and I can focus on the Davis Cup." Sixteen teams will compete in the Finals group stage from Sept. 12-17 across Manchester, Bologna, Valencia and Croatia.
Persons: Feliciano Lopez, Lopez, David Ferrer, I've, Lopez's, Rafa Nadal, Nadal, Rafa, Hritika Sharma, Pritha Sarkar Organizations: ATP, Davis, Madrid Open's, Reuters, Queen's, Mallorca, Wimbledon, Thomson Locations: Spanish, Madrid, Stuttgart, Manchester, Bologna, Valencia, Croatia, Malaga, Hyderabad
Joselu’s late winner puts Spain into Nations League final
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
ENSCHEDE, Netherlands, June 15 (Reuters) - Substitute Joselu scored a fortunate winner three minutes from the end as Spain booked their place in a second successive Nations League final with a deserved 2-1 victory over Italy on Thursday. "The team played a great game," Joselu told reporters. Thursday's result in Enschede was a repeat of the 2021 Nations League semi-final between the teams and became a battle of Spain’s possession game versus Italy’s ability to hit them on the counter-attack with swift breaks. "Spain deserved it, even if they only found the goal right near the end. We set up slightly differently, but we couldn't do much in the second half," Italy coach Roberto Mancini told RAI.
Persons: Joselu, Luis de la, Yeremy Pino, Robin Le Normand, Ciro, we're, Leonardo Bonucci, Yeremy, Le Normand, Unai Simon, Roberto Mancini, Nick Said, Ed Osmond Organizations: Nations League, Italy, Croatia, Spaniard, RAI, Thomson Locations: ENSCHEDE, Netherlands, Spain, Sunday’s, Rotterdam, France, Italy, Croatia, Enschede, Cape Town
An F-16 fighter airplane takes off from the Schleswig-Jagel Air Base in Jagel, Germany, on June 12 during the Air Defender 2023 exercise. “Air Defender is necessary because we live in a more dangerous world. Two US Air Force A10 fighter jets taxi onto the runway ahead of Air Defender 2023. Peter Layton, a fellow at the Griffith Asia Institute and former Royal Australian Air Force officer, said Air Defender 2023 should give Russian military planners a lot to think about. Similar planes are taking part in Air Defender 2023.
Persons: Vladimir Putin, Oleksandr Vilkul, Andriy Dubchak, Gregor Fischer, Oana Lungescu, , Putin, Amy Gutmann, Ingo Gerhartz, CNN’s Nic Robertson, Formidable ‘ hodge, Karl, Josef Hildenbrand, , Brynn Tannehill, it’s, Adam Casey, Tannehill, Peter Layton, Harald Tittel, ” Layton, ” Tannehill Organizations: CNN, NATO, Air, Russian, Russia, Operational Command, Alliance, Atlantic Treaty Organization, Jagel, Base, AP NATO, , ” United, Russia –, Latvia –, German Tornadoes, US Air Force, RAND Corp, US Navy, Aviators, Griffith Asia Institute, Royal Australian Air Force, US, Air National Guard, National Guard, Air Force Locations: Germany, German, Moscow, Ukrainian, Kryvyi, Black, Odesa, Kryvyi Rih, Ukraine, Russia, Soviet Union, Schleswig, Jagel, ” United States, Russia – Norway, Finland, Estonia, Latvia, Lithuania, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, France, Greece, Hungary, Italy, Netherlands, Poland, Romania, Slovenia, Spain, Sweden, Turkey, United Kingdom, United States, Japan, US, Finnish, Spangdahlem, NATO
ROTTERDAM, June 14 (Reuters) - Croatia scored twice in extra time to beat the Netherlands 4-2 in their Nations League semi-final in Rotterdam on Wednesday and advance to Sunday’s decider. Donyell Malen handed the hosts a 34th-minute lead before Andrej Kramaric equalised from the penalty spot 10 minutes into the second half. Cody Gakpo set it up by winning possession and five passes later, Mats Wieffer teed up an unmarked Malen to fire home. The Netherlands now have to play in the third-place playoff game against Thursday’s losers in Enschede on Sunday. Writing by Mark Gleeson in Cape Town; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Bruno Petkovic, Luka Modric, Donyell Malen, Andrej Kramaric, Mario Pasalic, Noa Lang, Netherlands ’, Cody Gakpo, Mats Wieffer teed, Modric, Luka Ivanusec, Lang, Petkovic, Mark Gleeson, Toby Davis Organizations: Croatia, Nations League, Feyenoord, Thomson Locations: ROTTERDAM, Netherlands, Rotterdam, Croatia, Italy, Spain, Enschede, Qatar, Gakpo, Pasalic, Cape Town
ATP roundup: Jannik Sinner reaches quarters in Netherlands
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Tennis - French Open - Roland Garros, Paris, France - June 1, 2023 Italy's Jannik Sinner in action during his second round match against Germany's Daniel Altmaier REUTERS/Lisi Niesner/File PhotoJune 14 - No. 2 seed Jannik Sinner defeated Alexander Bublik of Kazakhstan 6-4, 6-2 on Wednesday to advance to the quarterfinals at the Libema Open in 's-Hertogenbosch, Netherlands. 3 seed, lost to American Mackenzie McDonald 6-4, 6-4, and Emil Ruusuvuori of Finland, defeated No. Sonego's fellow Italian, sixth-seeded Lorenzo Musetti, had no trouble against Gregoire Barrere of France in a 6-3, 6-3 win. 3 seed Frances Tiafoe, who saved all three break points in a 7-6 (2), 6-4 defeat of Jiri Lehecka of the Czech Republic.
Persons: Roland Garros, Germany's Daniel Altmaier, Lisi Niesner, Jannik Sinner, Alexander Bublik, Borna Coric, Mackenzie McDonald, Emil Ruusuvuori, Ugo Humbert of France, Rinky, Marc, Andrea Huesler, Hubert Hurkacz of, Japan's Yosuke, Hurkacz, he'll, Christopher O'Connell of Australia, Lorenzo Sonego, Sonego's, Lorenzo Musetti, Gregoire Barrere of, Musetti, Frances Tiafoe, Jiri Lehecka Organizations: Thomson Locations: Paris, France, Kazakhstan, Netherlands, Finland, Switzerland, Hubert Hurkacz of Poland, Stuttgart, Germany, Watanuki, Gregoire Barrere of France, Czech Republic
Grocery prices in Europe have been on the rise. Britain — where food inflation has reached 45-year highs — is discussing a similar move. In comparison, U.S. food prices rose 7.7% in April from a year earlier, 8.2% in Japan and 9.1% in Canada. Such controls could actually make food inflation worse by increasing demand from shoppers but discouraging new supply, he said. "The current food price shock does not warrant such intervention," Shearing said.
Persons: , Furio Truzzi, Borey, Helen Barnard, Anna Sjovorr, hasn't, that's, Neil Shearing, Shearing, SWG pollsters, Carlo Compellini, Marie Antoinette, Roberto Dipiazza Organizations: Service, Shoppers, European Union, Trussell, European Central Bank, U.S . Federal, Capital Economics Locations: Europe, Rome, U.S, Japan, Ukraine, Paris, Britain, Hungary, Croatia, Spain, United Kingdom, London, Canada, Trieste, Italian
JAHORINA MOUNTAIN, Bosnia June 8 (Reuters) - Security and migration officials from six Western Balkans countries, all of which aspire to join the European Union, on Thursday pledged to work together with the EU and United Nations agencies to improve sustainable migration governance. "When it comes to the migrant crisis, we from the Western Balkans face not only humanitarian challenges but also security and political challenges," said Bosnia's Security Minister Nenad Nesic, who hosted the meeting at a mountain resort near the capital Sarajevo. "Trends in migration are very dynamic and the Western Balkans is a major transitory route," Ugochi Florence Daniels, the IOM Deputy Director General for Operations, told Reuters. "The action plan is an opportunity to deal with the immediate issues - trafficking and smuggling and sustainable returns," Daniels said. "It is also an opportunity to look at the longer-term opportunities that migration is bringing - remittances to the Western Balkans are $10 billion or 10% of GDP - that is a significant contribution to development," she added.
Persons: Nenad Nesic, Oliver Spasovski, Ugochi Florence Daniels, Daniels, Daria Sito, Angus MacSwan Organizations: European Union, EU, United Nations, Bosnia's, International Organisation for Migration, Operations, Reuters, Thomson Locations: Bosnia, Balkans, North Macedonia, Montenegro, Serbia, Albania, Kosovo, East, Afghanistan, Asia, Africa, Sarajevo, Croatia, Slovenia, Macedonia's
It’s easy to fall for Split, Croatia’s largest seaside city, which sprouted from a palace built for the Roman emperor Diocletian 17 centuries ago. Still, travelers to Split soon discover that the unofficial capital of Dalmatia, as the country’s southern coast is known, is no museum piece trapped under glass. Equal parts chic Adriatic beach town, active archeological site and proud, gritty port city, Split is fueled by long seafood lunches, ancient traditions and wine-filled evenings. “We’re great hosts,” said Ivica Puljak, the physicist-turned-mayor of Split, in an interview. “But our priority is that Split remains a living center for our citizens.”
Persons: Diocletian, , , Ivica Puljak Locations: Split, Dalmatia
CNN —An international team of scientists discovered three historical shipwrecks during an underwater archaeological expedition last year in the Mediterranean Sea. Scientists conducted their expedition in the Mediterranean last year aboard the Alfred Merlin research vessel. The team used the research vessel’s underwater mapping and imaging equipment to catalog shipwrecks, dating from ancient times to the 20th century, with sonar. Located along a heavily traveled route in the Mediterranean, the Skerki Bank in the Strait of Sicily is one of the most treacherous maritime areas. As you know, the Mediterranean with its very rich history, and its countless shipwrecks and archaeological sites offer a unique and fascinating stage for such expeditions.
Persons: Robert Ballard, Anna Marguerite McCann, Alfred Merlin, Arthur, Keith Reef, Angel Fitor, DRASSM, , Barbara Davidde, Lazare Eloundou Assomo Organizations: CNN, UNESCO, Skerki Bank of, Skerki Bank, DRASSM UNESCO, Drassm, UNESCO World Heritage, “ UNESCO Locations: Paris, Algeria, Croatia, Egypt, France, Italy, Morocco, Spain, Tunisia, Skerki Bank of Tunisia, Strait, Sicily, Tunisian
This country has the best wines in the world for 2023
  + stars: | 2023-06-07 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +5 min
But one country has just triumphed over all the rest in the Decanter World Wine Awards 2023, the world’s biggest and most established wine competition, now in its 20th year. It was a victory for the New World as 10 Australian wines were named Best in Show, more than any other country. Italy had seven Best in Shows – all reds from Tuscany and Piedmont – while Portugal (three Best in Shows) – excelled in Port and Madeira. It’s Croatia – Slovenia makes wonderful wines, really really good – Slovakia, all around there.”Judges at the awards tasted up to 90 wines a day. London Food and Drink Photography/Decanter World Wine Awards 2023/Nic Crilly-HargraveThe future of wine regionsWith countries around the world regularly hitting record temperatures, climate change is already having an effect on established wine regions.
Persons: McLaren, Blanc, Château, De, , Nic Crilly, Sarah, Jane Evans, you’re, , Hargrave, , Evans, it’s Organizations: CNN, McLaren Vale, London ., London . London Food, Hargrave, Croatia –, London Food, ” Regions, of Locations: Portugal’s Douro, Napa Valley, Western, Margaret River, France, Spain, Champagne, Bordeaux, Italy, Tuscany, Piedmont –, Portugal, Port, Madeira, Greece, South Africa, Austrian, Chilean, Serbian, Oregon, New Zealand, London, London . London, Royal, South Korea, Balkans, Croatia, Croatia – Slovenia, Slovakia, California, they’re, Kent , Sussex, Hampshire, Surrey, of England
Croatia's little-visited coastline above Dubrovnik
  + stars: | 2023-06-05 | by ( Mary Novakovich | ) edition.cnn.com   time to read: +11 min
There’s even Kornati National Park, one of Croatia’s most compelling natural spaces, spread over 89 islands. Meanwhile, Trogir – whose old town occupies its own little island – is a magical place protected by UNESCO World Heritage status. In just one square within the walled old town you’ll be immersed in centuries of history. Primošten’s old town is on its own little island connected to the newer town by a causeway. Look out for a little promontory just to the north of the old town, where you’ll see pebbly beaches backed by pine trees.
Persons: Trogir, Anastasia, Danny Lehman, , you’ll, Trg, Mary’s, Boonchet, Nikola Bašić, you’ve, Nin, Veli, it’s, Anton Petrus, there’s, Jakov, Ivan Coric, You’ll, George, Andrey Omelyanchuk, Mary Novakovich, Organizations: CNN, Dalmatia, UNESCO World, Kolovare, Getty, Yugoslav, UNESCO Locations: Split, Dubrovnik, Croatian, Croatia’s, Zadar, Trogir, You’ll, Šibenik, Zadar's, Donat’s, St, Mary’s, you’re, Kolovare, Bibinje, Nin, , Sakarun, Dugi, Murter, Sibenik's, Lawrence’s, Krka, Skradin, Primošten, Čiovo, Riva
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisinflationary process is underway in Europe, says ECB's VujčićBoris Vujčić, member of the Governing Council of the European Central Bank and governor of the Croatia National Bank, says, however, that more data is needed to determine "how quick this process is."
Persons: ECB's Vujčić Boris Vujčić Organizations: European Central Bank, Croatia National Bank Locations: Europe
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to change course with its rate-hiking cycle. "We don't yet see a significant slowdown in lending. The Federal Reserve in a May banks report warned that lenders are worried about conditions ahead, as trouble in mid-sized financial institutions in the U.S. caused banks to tighten lending standards for households and businesses. A majority of major global central banks, including the U.S. Federal Reserve, have tightened their monetary policy aggressively to tame soaring inflation. Meanwhile, the world's global debt has swelled to a near-record high of $305 trillion, according to the Institute of International Finance.
Persons: Georgieva, Kristalina Georgieva, Karen Tso, Pierre, Olivier Gourinchas, IIF Organizations: Monetary Fund, U.S . Federal Reserve, Federal Reserve, CNBC, Institute of International Finance Locations: Dubrovnik, Croatia, U.S
Rimini, Italy. The Jersey Shore, but not Unlike Americans, Italians do not just plunk down their beach bag and dive in the ocean. A bargain for Americans, but not for Italians Italy is heavily reliant on tourism. For Americans, Europe in general but the smaller cities of Italy in particular are a great value. It's a bargain for Americans but, for most Italians, even those prices are out of reach.
Persons: Federico Fellini, Vita, It's, Fellini, He's, That's Organizations: Istock, Getty, Ferraris, cabana, Business, Tourists, gondoliers, OECD, European Union Locations: Rimini, Italy, RIMINI, ITALY, Jersey Shore, Ancona, Emilia, Romagna, Europe, Parma, Modena, Bologna, Ravenna, Jersey, Cattolica, Adriatic, Croatia, Albania, Venice, St
BUDAPEST, June 2 (Reuters) - Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU's average level in terms of economic development, then the adoption of the single currency could be put on the agenda. "It is dangerous to enter the club of the rich while the economy is unprepared for it," Matolcsy told state radio. "Perhaps around 2030 or a bit later we could reach ... 90% of the EU's average in terms of development, then it's worth entering (the euro zone) as the euro has many advantages," Matolcsy said. The National Bank of Hungary is currently fighting the EU's highest inflation rate, running at an annual 24% in April, while the economy is slowing sharply.
Persons: Gyorgy Matolcsy, Matolcsy, Mihaly Varga, Krisztina, Mark Heinrich Our Organizations: National Bank of, EU, Thomson Locations: BUDAPEST, Hungary, Hungarian, National Bank of Hungary, Austria, Croatia, Slovenia, Slovakia
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