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The mint at Bordeaux suffered a drop in production by fifty percent during the 1380s, [9] and by 1392 French mints were suffering an accelerated decline in silver coining. [10] By contrast, from 1346 to 1384, Flemish mints continued to produce silver groats, yet by 1392 the mint at Ghent had stopped coining and the Bruges mint fell idle in 1402.
Europe is suffering from an innovation deficit and weak productivity, putting the region’s economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence.
The manufacture of coins in the Roman culture, dating from about the 4th century BC, significantly influenced later development of coin minting in Europe. The origin of the word "mint" is ascribed to the manufacture of silver coin at Rome in 269 BC near the temple of Juno Moneta. This goddess became the personification of money, and her name ...
Viking coinage was used during the Viking Age of northern Europe.Prior to the usage and minting of coins, the Viking economy was predominantly a bullion economy, where the weight and size of a particular metal is used as a method of evaluating value, as opposed to the value being determined by the specific type of coin.
The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter.
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The economy of Europe comprises about 748 million people in 50 countries. Throughout this article "Europe" and derivatives of the word are taken to include selected states whose territory is only partly in Europe, such as Turkey, Azerbaijan and Georgia, and states that are geographically in Asia, bordering Europe and culturally adherent to the continent, such as Armenia and Cyprus.
Of all the global market mining of ore, eastern Europe was the smallest region accounting around just 1% of the market, the use of robots in the metal ore mining industry is improving the efficiency and productivity of mines and reduces operational costs. [33] The EU metallic mining sector produces a wide range of ores yielding metal substances ...