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Questions tagged [euro-area]

The euro area consists of those Member States of the European Union that have adopted the Euro as their currency. Monteray policy regarding the Euro is conducted by the European Central Bank.

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Greek Debt Crisis

If the Greek government defaults on its bonds issued by French and German investment banks, how does that prevent the French and German governments from paying back the money that they owe to ...
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Why did it take so much QE by the ECB to raise the Eurozone inflation to 2%?

From 2015 to 2018 the ECB increased the money supply by around 20% (around 6% y/y), with a GDP increase rate under 1%. Yet the inflation rate remained under 2%. A back-of-the-envelope calculation ...
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Why don't most of the highly educated people in poorer part of Europe migrate to the Western part?

There are a lot of people working in universities in countries like Ukraine, Belarus, Romania, Bulgaria, Poland, and so on with low salaries. Those people have high skills and education. I saw some ...
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What is the size of European SMEs in case of money flow and revenue?

I want to focus my product on SMEs (B2B financial service). So to research the market size I decided to check the numbers first. I had not a very productive time studding EU statistic data on their ...
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Where does the extra money come from when a new country joins the Euro and converts its currency?

Whenever a new country becomes a member of the Eurozone, they convert all their local currency into the Euro. What I don't understand is where does this huge new volume of Euros come from overnight? ...
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Why are European countries happy to be outside Eurozone?

In EU countries like Poland, Czech Republic, Hungary, etc, people are happy that they are not in Euro zone and Euro crises like that of Greece do not affect their economics. However, some European ...
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How would Greece “temporarily” leave the Eurozone?

Amongst the negotiations between the Greece and the Eurozone leaders, there currently exists the possibility that Greece will leave the Eurozone for five years. Does this imply Greece would have to ...
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Why is the Euro a bad idea compared to other currencies?

Many economists, including Nobel laureates Paul Krugman and Joseph Stiglitz, have said that the Euro was a bad idea from the beginning and is a major reason for all the current economic problems. My ...
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Can banks maintain Euro accounts if the country they're in leaves the eurozone?

If a country forcibly leaves the Eurozone, is it possible for banks within this country to maintain existing euro deposits? Or does leaving the eurozone mean those deposits are automatically ...
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Should Finland leave the eurozone?

Finland's economic recovery from the shock of the global financial crisis of 2007-8 has been very weak. The country has been in recession for the past three years, with GDP expected to expand by only ...