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

If the rich tend to have their money invested, or in a bank account that invests it, shouldn't ... - Reddit
52 votes, 54 comments. That is, unless someone had all their money in a big, physical, scrooge mcduck money pit, so that it was physically ...
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'Fast Money' traders talk a diverging consumer picture - YouTube
The 'Fast Money' traders talk a diverging consumer picture as more earnings roll in.
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More than $1 million in unclaimed money being returned to Mississippians - WLOX
Mississippi State Treasurer David McRae said his office will send $1.3 million to roughly 4700 residents who have unclaimed money from government ...
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Mamdani wins: Can Trump legally stop federal funding to New York City' - Al Jazeera
... money to New York, because if you have a communist running New York, all you're doing is wasting the money you're sending there.' Advertisement. Is ...
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What is the best way to make money with summer squash and broccoli ' : r/StardewValley
Multiple harvest crops that give multiple crops per harvest(blueberry, cranberry) definitely do sell for more when turned into wine, ...
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The Euro remains slightly lower against the US Dollar, influenced by positive US economic indicators
Euro weakens near three-month lows as strong U.S. data boosts Dollar; Fed remains cautiously optimistic.
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RBC Warns of Potential US Dollar Sell-Off - Sharecafe
RBC Capital Markets is warning traders to brace for a potential protracted sell-off in the US dollar, drawing parallels to the boom-and-bust cycle ...
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U.S. dollar ticks down - Xinhua
NEW YORK, Nov. 5 (Xinhua) -- The U.S. dollar fell in late trading on Wednesday. The dollar index, which measures the greenback against six major ...
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Dollar firm as US private payrolls rebound in October - TradingView
By Saqib Iqbal Ahmed The U.S. dollar edged up on Wednesday, extending its gains from last week on doubts about the outlook for another Fed rate ...
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