After a very rocky start to 2012 the Euro has gone on to strengthen over the course of the last six months, notably gaining 8 per cent against the US Dollar. Confidence in the economic recovery of the 17 nation currency bloc has begun to improve and interest in the higher-yielding Euro has likewise [...]
The Currency Experts Archive
Archive for the ‘Eurozone’ Category
ECB Holds Rates – But for how long?
Thursday, January 10th, 2013Today the Frankfurt-based European Central Bank (the central bank for all members of the Eurozone) held its key benchmark interest rate at 0.75, the record low level adopted in July of last year. The benchmark interest rate (also referred to as the base interest rate) is the minimum rate of interest investors require in return [...]
Germany edges closer to recession – but what does this mean for the Eurozone?
Tuesday, January 8th, 201317 nations make up the Eurozone and as they share a currency – the Euro – as well as strong trade links the fortunes of one member impact on the fortunes of the others, as well as having an effect on the outlook of the Eurozone as a whole. Germany has the largest economy [...]
What would a Eurozone collapse mean for the UK public?
Wednesday, April 11th, 2012In recent years the Eurozone has been hit hard by the global debt crisis, countries like Greece, Ireland and Italy have suffered dramatically. As a result of the crisis governments throughout Europe and the world have brought in tough cost reduction policies that impact the everyday lives of people worldwide. A collapse would impact the [...]
What is the difference between the European Union and the Eurozone?
Wednesday, April 11th, 2012The European Union is the union of 27 member states located in Europe. It is an economic and political confederation of nations that share the same ideals. The EU was founded as a trade agreement formed by six countries in 1958. Since then, the union has grown in both power and size. The members of [...]
What happens if Greece/Portugal/Spain/Italy/Ireland exits the Eurozone?
Wednesday, April 11th, 2012Thanks to the Eurozone crisis of the past few years countries like Greece and Spain are in danger of having to leave the Eurozone. In Greece and many other countries the government has taken action by imposing severe cost cutting measures upon its people. Civil unrest is rife and in the Greek and Italian cases [...]
How is the Euro zone Beneficial to the European countries?
Wednesday, April 11th, 2012There are several benefits to being a member of the Eurozone. The main benefit for the people living in the member countries is that they no longer have to exchange currency when they travel from country to country. It benefits tourists and businesses for those operating in the Eurozone. Thanks to the single currency many [...]
How has the Eurozone debt crisis affected Britain?
Wednesday, April 11th, 2012Britain is in a unique position; it stands on the periphery of the Eurozone and is not one of the 17 countries that use the Euro as its currency. Because of this the impact has been less than what it could have been. Eurozone governments have implemented cost cutting measures that have impacted their citizens. [...]
What is the Eurozone?
Wednesday, January 4th, 2012The Eurozone is an economic and monetary union comprising of 17 European Union member states that have adopted the Euro as their common currency and sole legal tender. The 17 countries are: Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain To gain membership to the Eurozone [...]
