European economy
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)
(21 November 08)
Eurozone GDP slid by 0.2% in the third quarter this year after a similar fall between April and June. This marks the first contraction since the single currency bloc's inception in 1999.
(17 November 08)
The eurozone has entered recession for the first time since the creation of the single currency almost ten years ago. And, as the biggest exporter, Germany could be hit the hardest. As David Stevenson explains, that's very bad news for share prices.
(14 November 08)
The IMF has bailed out Hungary and Ukraine – but it could have plenty more work to do in 'subprime' Eastern Europe. So which other countries in the region are in danger?
