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

Dollar firm after inflation data douse bets for big Fed cut - Reuters
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. ... rates leave room for further rate hikes. On Thursday, fellow BOJ board ...
>> Read more here

US Dollar Forecast: Eyes on ECB Rate Decision, EUR/USD and GBP/USD Outlook
With the ECB's rate decision looming, will the US Dollar maintain its strength' Explore potential impacts on EUR/USD and GBP/USD this week.
>> Read more here

GBP/USD Price Forecast: Extends losses below 1.3050 post US CPI data - FXStreet
... USD, which trades at 1.3035 after reaching a daily high of 1.3111. GBP/USD Price Forecast: Technical outlook. The uptrend remains intact, but the GBP/ ...
>> Read more here

Fixed Exchange Rate - Overview, How It Works, Advantages - Corporate Finance Institute
For example, the United Arab Emirates pegs its currency, the UAE dirham, to 0.27 United States dollar. In other words, for 1 USD, you will always get ...
>> Read more here

US Dollar (USD) To Colombian Peso (COP) Exchange Rate History for September 11, 2024
This tool gives you the latest and most accurate data on currency exchange rates between the US Dollar and the Colombian Peso on September 11, ...
>> Read more here

PBOC sets USD/CNY reference rate at 7.1214 vs. 7.1182 previous - FXStreet
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1214, as against the previous day's ...
>> Read more here

How the October Budget could impact your personal finances - Interactive Investor
Rumours have been running wild after Chancellor Rachel Reeves revealed a £22 billion black hole in the public finances. Our team discuss the taxes ...
>> Read more here

UK government finances are on an 'unsustainable' path, watchdog warns - Financial Times
Demographic pressures and the costs of climate change will weigh on the public finances, says OBR.
>> Read more here

French Finance Minister Bruno Le Maire steps down - Euronews.com
Appointed as finance minister more than seven years ago, The Republicans politician has navigated stormy waters during his time in office ' notably ...
>> Read more here

Luxembourg scores well on health, poorer on finances in retirement ranking
It also fell out of the top five in the finances sub-index, slipping three places to eighth after weaker performances in the bank non-performing loan ...
>> Read more here

Atelier finances Torsion's Leeds PBSA development
Atelier's development finance loan has been provided to Torsion Group to enable them to deliver their PBSA scheme in Leeds.
>> 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