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

AG Outlook Meeting in Scottsbluff to Highlight Markets, Policy, Finances - Chadron Radio
By Jessica Groskopf, Nebraska Extension Agricultural Economist. Changes and uncertainty in agricultural finances, policy, and markets will ...
>> Read more here

New York City Municipal Water Finance Authority (NY)
The 'AA+' rating on the New York City Municipal Water Finance Authority's revenue bonds reflects strong credit quality and low leverage.
>> Read more here

Google Finance offers Gemini AI tools to stock traders | The Verge
Google Finance is getting a Gemini-powered Deep Search feature to give more thorough AI answers, as well as prediction market support.
>> Read more here

Finances likely led to Michigan playing 2026 opener in Ann Arbor over Germany
The Univ. of Michigan-Western Michigan football game next year will be played in Ann arbor instead of Germany and the decision likely came down to ...
>> Read more here

USDJPY Technical Analysis: The US dollar strength runs out of steam - YouTube
usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair.
>> Read more here

Daily summary: Optimism on Wall Street eases again US Dollar drops from recent highs
Prelonged US government shutdown seems to pressure the US economy, increasing the markets' uncertainty. Futures on US Dollar Index (USDIDX) are down ...
>> Read more here

Dollar pulls back at key resistance, tariff ruling looms - United States - English - Convera
The U.S. dollar remains firmly bid, trading at its highest level since late May and testing key resistance at the 200-day SMA, a technical level ...
>> Read more here

U.S. dollar closes lower on Taipei forex market - Focus Taiwan
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.004 to close at NT$30.950.
>> Read more here

Oil Prices Steady as US Dollar Index Eases - DTN Progressive Farmer
Oil prices steadied Thursday morning as crude benchmarks met technical resistance levels and the U.S. Dollar Index retreated from recent highs.
>> 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