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

Binance Faces Probe by US Money-Laundering and Tax Sleuths
As part of the inquiry, officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance's ...
>> Read more here

5 Hidden ways To Save You Money on Bathroom Renovation
Nothing saves your money during your small bathroom remodel than refinishing the plumbing fixtures. With proper bathtub refinishing, you can achieve ...
>> Read more here

The 5 Best Payment and Money Transfer Apps ' Review Geek
If you want to get your money from A to B in these modern times, a payment or money transfer app is likely your best bet. While PayPal is still extremely ...
>> Read more here

Union County Man Admits Role in Cocaine Trafficking and Money Laundering Conspiracy | United ...
Rivera is a leader of a drug-trafficking and money laundering organization. Law enforcement officers learned that Rivera utilized various locations to ...
>> Read more here

Hedge Fund Legend Stanley Druckenmiller Says Crypto Could Replace US Dollar As Global ...
The chairman and chief investment officer of the Duquesne Family Office, Stanley Druckenmiller, believes that the future of the US dollar as the world's ...
>> Read more here

USD/CAD - Canadian Dollar Sinks on Inflation Fears
USDCAD rallied from a low of $1.2048 yesterday to $1.2155 overnight but has since retreated. The USD/CAD rally is considered a correction as long as ...
>> Read more here

EMERGING MARKETS-Brazil's real leads Latam recovery
Citi also increased its holding of Brazil U.S. dollar sovereign bonds to an overweight position, citing a window of opportunity before elections in ...
>> Read more here

AUD/USD Forex Technical Analysis ' Testing Short-Term Retracement Zone at .7712 to .7669
The Australian Dollar is testing its lowest level against the U.S. Dollar since May 4 on Thursday after the greenback was boosted by expectations of ...
>> Read more here

US Dollar Index (DX) Futures Technical Analysis ' Strengthens Over 90.870, Weakens Under 90.695
The U.S. Dollar is holding on to its gains against a basket of major currencies on Thursday, following through to the upside following after a ...
>> 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