The European Union (EU) is a politic/economic union of 28 member states that are located primarily in Europe. It has an area of 4,324,782 km2 (1,669,808 sq mi), and an estimated population of over 510 million. The euro (sign: €; code: EUR) is the official currency of the eurozone.

One of the advantages of the adoption of a common currency is the reduction of the risk associated with changes in currency exchange rates. It has been found that the introduction of the euro created "significant reductions in market risk exposures for nonfinancial firms both in and outside of Europe."

The European sovereign debt crisis occurred during a period of time in which several European countries faced the collapse of financial institutions, high government debt and rapidly rising bond yield spreads in government securities. The European sovereign debt crisis started in 2008, with the collapse of Iceland's banking system, and spread primarily to Greece, Ireland and Portugal during 2009. Also recently, credit rating agency Standard and Poor's has cut their rating for the European Union's debt from AA+ to AA. The agency cited the United Kingdom's decision to exit the organization (Brexit) and a possible cascading effect from the vote as the primary reasons for the downgrade. the U.K. has voted to leave the European Union. The financial markets braced for a knee-jerk reaction to the results of the European Union Referendum vote and will now awake to turmoil. Prime Minister David Cameron has announced he will step down in October 2016.

Latest news on The Eropean Union & the Economy

Jury in Trump's hush money case to begin deliberations after hearing instructions from judge
Lawyers in Donald Trump's hush money trial have sparred over evidence and witnesses as they made their closing arguments to jurors who will decide ...
>> Read more here

Voters Opinions On Trump's Hush Money Case Haven't Changed During The Trial, Polls Show
Topline. Former President Donald Trump's hush money trial has done little to change public perception of the charges against Trump, according to polls ...
>> Read more here

The Latest | Closing arguments in Trump's hush money trial have concluded - ABC News
Defense lawyer Todd Blanche spoke for about three hours in the morning while prosecutor Joshua Steinglass went for over five hours. Court continued ...
>> Read more here

Prosecution: Trump hush money case "cloaked in lies" - Axios
The big picture: The first-ever criminal trial of a U.S. president is near conclusion after hours of closing arguments, with prosecutor Joshua ...
>> Read more here

Rupee depreciates 9 paise to 83.27 against US dollar in early trade - Business Standard
The rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities and elevated crude oil ...
>> Read more here

Rupee falls nine paise to 83.27 against U.S. dollar in early trade - The Hindu
The Rupee depreciated nine paise to 83.27 against the U.S. dollar on May 29, tracking a negative trend in domestic equities and elevated crude oil ...
>> Read more here

Gold subdued as US dollar, yields firm; traders await inflation data - Moneycontrol
U.S. gold futures rose 0.1% to $2,357.80. The dollar firmed 0.1%, making gold less attractive for other currency holders, while benchmark U.S. 10-year ...
>> Read more here

Gold subdued as U.S. dollar, yields firm; traders await inflation data - CNBC
Gold prices edged lower as the U.S. dollar and Treasury yields held firm ahead of inflation data, which could offer more clarity on the Fed's rate ...
>> Read more here

Oil up on prospect of Opec+ holding cuts, weaker US dollar - The Business Times
... US dollar made the commodity more attractive to holders of other currencies. The July contract for global benchmark Brent crude rose US$1.04, or ...
>> Read more here

Obama and the economy
Obama economy
Putin and the economy
Putin economic
Greenspan Economics
Alan Greenspan economics
The FED and the economy
Federal Reserve economy
International Monetary Fund
IMF economics
World Bank & the economy
World Bank economy
Deutsche Bank
Deutsche Bank economy
European Union economy
European Union economy
China economy
China economy
NAFTA and the economy
NAFTA and the economy
GOLD in the economy
GOLD in the economy
SILVER in the economy
SILVER in the economy