Sentences with phrase «euro currency union»

Let's call it what it is: the slo - mo collapse of the the euro currency union.

Sapin also expressed relief at France's continued membership of the euro currency union, which was to come under threat if presidential hopeful Marine Le Pen has made it into office.

Not exact matches

BERLIN - Jens Weidmann, Germany's respresentative on the European Central Bank's Governing Council, gives a lecture about the euro zone's currency union - 1615 GMT.

European politicians will be watching the result with concern as it could prompt the euro zone's third - largest economy to take a more critical and oppositional stance to the European Union and the single currency.

Sterling also nudged higher to just under $ 1.28 and 87.42 pence per euro as formal negotiations got underway on Britain's exit from the European Union, which are expected to generate plenty of headlines for the currency in the weeks ahead.

Only emergency support from the ECB is keeping the banks afloat and saving Greece from a chaotic euro exit that would inflict more pain on its people and gravely damage the currency, the strongest symbol of the EU's drive for an «ever closer union» on a continent once ravaged by two world wars.

Madrid can confound elite consensus and move aggressively to restructure Spain's external debt while redefining its participation in the euro, for example by leaving the euro while committing credibly (i.e. with German support) to rejoin the currency union at some specified future date.

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 draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Survey participants may choose up to three euro - zone member states of which they think they will quit the currency union within the next twelve months.

Marc Chandler, global head of currency strategy at Brown Brothers Harriman, notes: «The fallout from Cyprus, including the perceptions of increased vulnerability of other EMU [European Monetary Union] members, such as Slovenia, and the unresolved Italian political situation, dragged the euro down to new four - month lows.»

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.

Worse still, given the wrangles over Scotland's future currency, the decision by both campaigns to simply stare each other down on the retention (or otherwise) of sterling has ruled out important discussion of the alternatives — from a free - floating «Scot #» or currency peg, to union with sterling or the euro.

If that happens, their debts will continue to rise, investors will flee from the euro and the entire currency union could break apart.

While most overseas territories have either their own currencies, shared currencies under the East Caribbean dollar currency union, or indeed use the euro or US dollar, it is only the Falkland Islands and Gibraltar who share sterling as their currency.

The SNP's support for currency union is itself a new development, with an origin in the difficulties the euro faced.

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.

As part of France, Martinique is part of the European Union, and its currency is the euro.

As part of France, Guadeloupe is part of the European Union; hence, as for most EU countries, its currency is the euro.

The others are: explicit recognition that the euro is not the EU's only currency; a target for the reduction of red tape; and an exemption for the UK from the EU's founding ambition of «ever - closer union» and greater powers for Westminster to block EU legislation.

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.