While diverging monetary policies reflect differences in fundamentals in the euro zone and the United States and the traditional view is that this should create no problems, This time the divergences could have greater global repercussions than in the past, Constancio said.
Like the day and the year, the seasons are based on astronomical occurrences. The seasons, however, are related only to the year itself and not to any other units of time. In the Northern Hemisphere, spring begins about March 21, summer about June 21, autumn about September 23, and winter about December 22. In the Southern Hemisphere, it is autumn that begins in March and spring that begins in September.
Winter is coming... Winter solstice, falling this year on Sunday, Dec. 21, marks the first day of winter in the Northern Hemisphere. More precisely, winter officially begins at 6:03 p.m. ET â the moment when the Northern Hemisphere is pointed at its furthest distance from the sun.f youâre not a fan of winter, from each day on after the solstice, the days will get longer and warmer until the calendar hits summer solstice, June 21, 2015. Summer solstice marks the first day of summer, the longest day of the year in the Northern Hemisphere.