The Euro’s Fall from Grace
The stakes are high for these industries trading with the EU15 if the value of the euro continues its downward course.By IBISWorld Analysts Brian Bueno & Nikoleta Panteva
With fears about sovereign debt defaults looming, European economies in recession, and continued policy disagreements across the region, the fate of the euro has been called into question. The yield on Spain’s 10-year bonds has been on the rise, increasing fears of potential default and spreading concerns about the debt of other countries, such as Italy.
The uncertainty surrounding the financial future of European
