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If the ECB raises rates by 50 basis points, it will cause a momentary upsurge in the euro's exchange rate, subsequently stifling Europe's tenuous, export-led recovery, eliciting a renewed outflow of capital, and further weakening the euro.
Ignatiev examines the role that whiteness played in the political assimilation of Irish immigrants in the context of nativist and xenophobic upsurges and the militantly pro-slavery coalition that dominated the Democratic Party in the Jacksonian Era.
Historically, increases in immigration have created a deeper labor pool and been associated with upsurges in national productivity and gross national product," said Manolis.