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)

The threat of hyperinflation in Europe

(22 May 13)

Hyperinflation rarely happens in ‘coherent and cohesive’ societies says GMO’s James Montier. Unfortunately, Europe is neither of those things.

Slovenia: next stop bankruptcy?

(16 May 13)

Following a pattern that has become familiar in the eurozone, Slovenia has edged towards bail-out territory thanks to its broken banking system.

Big Oil in price-fixing hot water

(16 May 13)

European regulators have raided the offices of some of Europe's biggest oil companies over allegations of price-fixing.

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