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

Forex bureaus sell $1 at GH¢12.80, GH¢10.80 on interbank market as of February 1
As compared to yesterday's trading of a buying price of 10.7945 and a selling price of 10.8053. At a forex bureau in Accra, the dollar is being bought ...
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Naira stable at forex markets amid new note scarcity - Premium Times Nigeria
The official window opened at N461.50 and closed at the same rate but had $85.04 million posted as foreign exchange turnover recorded within the ...
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Best forex brokers in February 2023 - Yahoo Finance
Trillions in currency are zipping around the world, making foreign exchange markets the world's most active.
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Guide to Maximize Profits with AUD Forex Trading in Australia - Financial News
Forex trading is a popular investment choice in Australia, with the Australian dollar (AUD) providing an attractive option for Australian Traders.
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Forex: J$154.10 to one US dollar - Jamaica Observer
Forex: J$154.10 to one US dollar. '. Jan 31, 2023 7:11 pm. '. KINGSTON, Jamaica' The US dollar on Tuesday, January 31 ended trading at J$154.10 ...
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Rupee Vs Dollar: Rupee gains 8 paise to 81.80 against US dollar in afternoon trade
Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its ...
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Intra-day update: rupee maintains positive momentum against US dollar - Markets
The Pakistani rupee maintained its positive momentum against the US dollar, appreciating 1.07% in the inter-bank market on Wednesday.
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Oil Prices Mixed Amid Weakening US Dollar | Business Post Nigeria
Oil prices were mixed on Tuesday despite drawing support from a weakening US Dollar, with Brent futures contract down by 37 cents to $84.53 per ...
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Rupee gains 12 paise to 81.76 against US dollar ahead of Union Budget
On Tuesday, the rupee depreciated by 36 paise to close at a three-week low of 81.88 against the US dollar after the Economic Survey 2022-23 said ...
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Dollar pauses ahead of Fed rate decision - CNBC
Bundles of U.S. 100 dollar banknotes arranged at the Shinhan Bank headquarters, a unit of Shinhan Financial Group Co., in Seoul, South Korea, ...
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