European economy

Euro sign

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)

There's worse to come for banks

(19 March 10)

Over two years after the credit crunch began, the IMF sees more trouble ahead for the financial sector.

Iceland votes 'no' on debt repayment

(12 March 10)

Iceland's voters have overwhelmingly rejected a proposal to repay £3.4bn of loans to Britain and the Netherlands.

Governments seek scapegoats for euro woes

(12 March 10)

Hedge funds are once again in the firing line, as governments look foir someone to blame for the euro's collapse. But the truth is, hedge funds have nothing to do with it.