This banknote liability arises largely because the bulk of the euro currency circulating outside the eurozone is sourced from, and paid for in, Germany, meaning that the Bundesbank holds a much greater share of refinancing loan assets backing the euro banknote circulation than its statutory allocation.

FORBES: All You Wanted to Know About TARGET2 But Were Afraid to Ask

Minting the coins is under way, as a far greater number of coins than notes will be needed: some 76 billion coins are in circulation in the euro countries.

ECONOMIST: Unready for blast-off | The

Sleepiness: Elderly people who frequently doze off during routine daily activities, such as reading or watching TV, have a greater chance of suffering a stroke than less sleepy individuals, according to a study in Circulation: Cardiovascular Quality and Outcomes.

WSJ: Even Outdoors, Second-Hand Smoke Affects Non-Smokers

With the Times's circulation and profitability now diminished, and little love for the new owners, the age of Otis seems greater than ever.

ECONOMIST: Otis Chandler