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.
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.
City, county contemplate future finances, budgets
Copyright © 2020 Albuquerque Journal. Local government revenue is down because of the COVID-19 pandemic, and governing bodies have been ...
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Pop Money
Send, request and receive money the easy way. The Popmoney personal payment service lets you send money to friends, family, or almost anyone. All ...
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Rochelle city leaders give themselves haircuts to raise money for local food pantry
But you know what, when you're raising money for a good cause sometimes you've got to give something up. If the worst that I have to do is cut my hair ...
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