The introduction of the Euro was hailed as a success story, with countries clamoring to join the Eurozone. But now doubts are growing about the bloc. Was it built along a political fault line?
The Turkish economy is in turmoil as fears over an ongoing currency and debt crisis grow. While the problem is being billed in some quarters as a primarily domestic one, concerns of wider contagion abound.
This week marks the 28th anniversary of the monetary union between East and West Germany. What promised to be a healing cure-all for both sides killed the East German mark and is still a work in progress today.
The European Central Bank remains on track to pull the plug on its massive stimulus program for the eurozone, despite an uncertain global trade outlook and signs of slowing growth in the 19-member bloc.
With diplomatic tensions high, the Turkish lira has hit yet another all-time low against the US dollar, impacting more than just the Mediterranean country itself. But will the spillover into the eurozone bring a bang?
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