Debate still rages over the long-term survival of the eurozone, for which the European Central Bank sets a single interest rate covering every member state. Despite scepticism, the euro has become a major world currency.
Hyperinflation rarely happens in ‘coherent and cohesive’ societies says GMO’s James Montier. Unfortunately, Europe is neither of those things.
Following a pattern that has become familiar in the eurozone, Slovenia has edged towards bail-out territory thanks to its broken banking system.
European regulators have raided the offices of some of Europe's biggest oil companies over allegations of price-fixing.