European economy

Brandenburg Gate, Berlin © Shutterstock

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.

Recent articles (3)

‘Grexit’ is a very high-risk strategy

(25 May 12)

No one knows how Greek leaving the euro would play out, says Matthew Lynn. That's why it won't be quick in coming.

Bundesbank to Athens: Drop dead!

(24 May 12)

Greece was still in the eurozone yesterday. But today, anything could happen, says Bill Bonner.

Will Europe’s ‘bank jog’ become a run?

(24 May 12)

Greece is on the verge of a full-blown bank-run in the run-up to the election. But could the panic spread to Spain?

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