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)

Ostalgie

(13 November 09)– Subscriber only Secure padlock

Many Germans in the east long for the days when things were under control. They call it 'ostalgie', says Bill Bonner.

Is there still a Berlin Wall?

(13 November 09)

It's 20 years since the Berlin Wall came down and the German Democratic Republic collapsed. And yet the east of Germany still lags the west economically. Why, and can it ever catch up? Simon Wilson examines how the GDR collapsed, what it all cost, and what the prospects are for the future.

Poland: Eastern Europe's strongest motor will stall

(30 October 09)

Poland is one eastern European economy which is not a basket-case. Production is recovering and retail sales are climbing, but it will be a while before economic growth really takes off.