Sentences with phrase «common euro currency»

«What we found is that substituting their national currency with a common euro currency has triggered changes in identity.

Much ink has been spilled about the global tide of nationalism, but these leaders, raised with the freedom to zip around Europe without passports, using a common euro currency, see their individual nations» interests as inextricably bound to the state of the whole world.

Not exact matches

Unfortunately for euro holders, the Swiss are ready to sell some of their massive common - currency stake.

Earlier the euro zone common currency had fallen to a session low against the dollar and yen on speculation that some large German banks could be asked to split their investment banking operations, driving European shares lower.

If the peg doesn't hold, and the Swissie becomes not just a safe haven but a strengthening one as as well, investors would likely sell euros against the Swiss franc, intensifying the pressure on the common currency.

Furthermore, Germany's central bank, the Bundesbank, reported this week that imbalances in Europe's so - called Target2 settlement system, in which euro - zone central banks and the ECB transfer money across the common currency union, have declined.

The euro - zone is in an impossible situation because of the common currency.

Many asked for his resignation, furious that his insistence on a referendum had endangered the debt deal and led European leaders to question Greece's treasured participation in the euro, the common currency used by 17 EU nations.

That would likely lead Greece to default - and to the exit door of the euro common currency.

One of the strongest benefits at the introduction of the common currency was that investors priced government debt similarly across the euro area.

The uncertainty about what lies ahead for the European Union - the world's largest economic grouping - as well as the subset of nations that use the euro common currency, hit energy stocks hard.

In European countries that share the euro common currency, unemployment varies widely but on average it is 12.2 per cent — worse than in the UK — and above a quarter in Greece and Spain.

The European Monetary Union — the parent organization of the euro currency — faced similar challenges when leading countries such as France and Germany devalued the common currency by running huge budget deficits and amassing large debts.

Just as the euro was being launched 10 years ago, we wrote in our Dec. 1998 Insight that with a common currency, individual countries would be forced to rely on fiscal policy to deal with local business conditions and «the limit on fiscal stimulus will be default risks.

It is designed for a future in which virtual currencies are as common as dollar and Euros.

On further review it also covers issues that may lead to a North American Union, similar to the European Union, introducing measures like a common currency similar to the euro.