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

Will Peru Be Affected By Netflix's New Rates'
The countries affected by the rate increase are: Uruguay 1S: USD 8.99 (no change) 2S: USD 10.99> 12.99 (^ 18%) 4S: USD 13.99> 15.99 (^ 14%).
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New Zealand Dollar to Rise in 2019 says BNZ, as Others Forecast Losses
They forecast the NZD/USD rate will return to 0.70 in time for year-end. However, the Pound-to-New-Zealand-Dollar rate is forecast to rise all the way ...
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HSBC in the 'Strong Dollar Camp' for 2019: Bloom
Schroders' Hornby says 0 Fed rate hikes in 2019 unlikely. The 'throng' of analysts warning that the U.S. Dollar will weaken in 2019 should be ignored ...
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Us dollar rate today
The Canadian dollar flexed some muscle last week, as USD/CAD dropped 1. The table given below shows today's exchange rate of USD against ...
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GBP/USD ' Brexit drama fails to dent plucky pound
GBP/USD has posted slight gains in the Thursday session. ... due to higher interest rates, swings in the financial markets and global trade tensions.
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How Much Money Do You Need to Make to be "Rich"'
... think you're rich if you're making $10,000-a-year. 3. And finally, 2% of people think you're "poor" even at $100,000-a-year. Tags: Rich · Money ...
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MONEY MAKEOVER SHOW 1-16-2019
MONEY MAKEOVER SHOW 1-16-2019. January 16, 2019 - Podcasts - no comments - Print This Post. Hosts: Jamie Keys, Toni Navarre, and Doug ...
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