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

BTC 'likely' to repeat Q4 2020 move ' 5 things to watch in Bitcoin this week - Cointelegraph
After a rangebound weekend with little unique price action, BTC/USD is ... Hash rate, as Cointelegraph noted, is now back at all-time highs, ...
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Olympus Sheds 35% in Price and USD 474M in Market Cap as Whale Dumps the Coin
Zooming out, the coin has been in a downtrend since it hit an all-time high of USD 1,415 in April 2021. OHM price is down by 91% since then.
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What Strategists Are Eyeing in Markets as Treasury Yields Spike - Bloomberg
'And if sustained, this lift in real rates should inspire USD traction, if not rebound. If indeed the real (rates) U.S. dollar stands up, ...
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Gold Supported Above $1,815 ' A Quick Buy Trade Today - Forex News by FX Leaders
When it opened on Monday, the price of XAU/USD was trading near Friday's closing figure. Markets responded defensively to weak US economic ...
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Wemix coin price. It is now time to add funds to your newly created exchange account. 00 Thai Baht ...
The average value Wemix price for convert (or exchange rate) during the day ... USD price fluctuated by in the past one hour and changed by in the ...
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EUR/USD Tries To Rebound At The Start Of The Week - FX Empire
The U.S. Dollar Index has recently made an attempt to settle above the resistance at 95.20 but failed to develop sufficient upside momentum and pulled ...
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Pound / Dollar Week Ahead Forecast: Supported at 1.3612 as Upside Risks Linger
'Our foremost explanation is that global investors were extremely long US stocks and bonds relative to their benchmarks and the Fed's tightening has ...
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Dollar finds footing as traders brace for hawkish Fed | ZAWYA MENA Edition
The U.S. dollar index, which declined sharply last week until Friday's leap, sat at 95.225 in Asia on Monday - ZAWYA MENA Edition.
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Rupee trades in a narrow range in early session against US dollar | Business Standard News
At the interbank foreign exchange, the rupee opened lower at 74.18 against the American dollar, then inched higher to 74.16, registering a fall of 1 ...
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Currency traders prepare for interest rate hikes as US dollar hangs on - Nairametrics
In the wake of Friday's dollar and U.S. yield jumps, these moves underscore support for the greenback from hawkish rates outlooks, even as momentum ...
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