The Grim Reaper's scythe has loomed over the euro ever since its inception. Here is a comprehensive list of Euromoney's latest coverage on the survival of the single currency, plus choice pickings from the past two decades.
- The battle for the eurozone's soul: a reading list
- Economic impact of Brexit: special focus
- Sepa: special focus
FX: Stronger euro prompts investors to reconsider hedging
Against the tide: The return of the euro?
EU referendum: UK banks brace for Brexit risk June 2016 Existential threat to euro wholesale industry; fears for loss of single-market passport.
What does emerging Europe get out of banking union?
In the great debate on banking union, the smaller markets of emerging Europe are often overlooked. Yet, with banking sectors dominated by eurozone groups, they are uniquely vulnerable to changing regulatory regimes.
CSPP: The bull in the corporate china shop
News of the ECB’s corporate-sector purchasing programme shocked the market in March and has already prompted a stampede for paper among desperate investors before the central bank has purchased a single bond. Bankers and investors are already complaining that the programme will not have its desired effect.
Corporates hedge Brexit risk with FX forwards May 2016 With the spectre of a 'Leave' vote predominating in the UK EU referendum hanging heavily over FX markets, corporates are likely to further increase their use of forwards as a hedging option.
FX volatility wreaks havoc on UK corporate treasurers
The world’s two major currencies – the US dollar and the euro – are making strong gains against the British pound; "the euro is benefiting from anti-risk sentiment."
The curious case of risk and the euro
The euro has emerged as a funding currency, and traditional euro/dollar safe-haven dynamics have broken down.
Inside investment: Swiss franc and euro – the allegory of the man caveFebruary 2015How did the relationship of the Swiss franc and the euro turn out to be purely platonic? Conscious uncoupling was perhaps inevitable.
Swiss franc: special focusJanuary 2015The Swiss National Bank has been under sustained fire in its attempt to defend its euro peg in recent years. Accordingly, the shift in the long-defended policy regime has shocked markets and will have far-reaching implications for the euro, eastern Europe and private banking, among other things. Euromoney investigates.
Euro weakness seen as foreign investors hedge
European bond and equity markets have been happy hunting grounds for foreign investors of late, and demand for European assets has helped support the euro, despite economic headwinds. However, bankers now report a shift to increased hedging of European exposures, leaving the region’s currency relatively unprotected against interest-rate differentials.
Euro carry trade the new 'Bernanke put'September 2014
As the Fed prepares for rate hikes, the hope is that the ECB stands ready to take over its mantle as chief global liquidity provider, raising the spectre of the euro becoming a more attractive funding currency for carry strategies.
Against the tide: QE this year is inevitable
ECB president Mario Draghi has resisted using his quantitative easing bazooka up to now. However, with inflation expectations already moving lower, he will have to fire it before the year is out.
Against the tide: Time for ECB action
What is needed is a persistently weaker euro. To get to that, the ECB needs either to embark on a comprehensive QE programme or intervene in the foreign exchange market.
ECB salvation for European exporters seen unlikely
With ECB policymakers meeting in Frankfurt next week, European exporters will watch with bated breath amid expectations the central bank will take action that helps weaken the euro. However, those anticipating fireworks might be disappointed, analysts say.
Against the tide: Europe deflates; time for QE
The ECB view that eurozone disinflation is slowly reversing is unconvincing. QE might be the only strategy left, although it is not risk free.
Šimonyte: Lithuanian central bank eyes euro ambition
Bank of Lithuania deputy chief Ingrida Šimonyte discusses the country’s euro-adoption plans, the challenges for the foreign-owned banking system, and the asset quality review in a wide-ranging interview.
ECB surprises markets with ‘do nothing’ strategy
Enduring strength in the euro might derail any nascent recovery.
Turning Japanese: euro strength might be hard to bear
Investors might fear that official action will be taken aimed at supressing euro strength, but the region is likely to have to put up with a strong currency.
Euro outlook remains challenging even as break-up fears recede
After another annus horribilis for Europe in 2012, there has been a gradual but steady improvement in market sentiment this year. Although the growth outlook still looks weak, there has at least been some respite from the relentless worry about debt default and euro break-up.
Debt crisis dents euro’s reserve credentials
The international role of the euro has shrunk to the lowest level since the creation of the single currency, according to the Bank for International Settlements (BIS).
Miroslav Singer: Gunning for intervention
Famed for his tough approach to regulation, Czech central bank head Miroslav Singer now has his sights set on currency market intervention to reflate the country’s flagging economy. He talks to Euromoney about the limitations of fiscal policy, the prospects for Czech adoption of the euro, and the dangers of regulatory integration.
Proactive central bankers to keep euro and sterling in check
Rarely have two decisions to leave interest rates on hold had such an impact on the currency market, but the Bank of England (BoE) and the European Central Bank (ECB) managed to put heavy pressure on the pound and the euro after their policy meetings on Thursday.
Renewed debt fears to put euro resilience to the test
The euro has remained resilient amid the turmoil that has engulfed the financial markets in recent weeks, but its fortunes might be starting to turn.
Shrinking ECB balance sheet no shield against euro weakness
For some, the growing divergence between the size of the Federal Reserve’s balance sheet and that of the European Central Bank (ECB) is a reason to be bullish on EURUSD, but that relationship might be in the process of breaking down.
Euro stumbles as Draghi eyes ECB deposit rate cut
Single minded: emerging Europe and the euro
German data give impetus to ECB rate cut – but beware simply selling euro
Q&A: Rimantas Sadzius, Lithuanian finance minister
Oil price slide spells danger for euro
Europe ponders options for fiscal integration
Reserve managers abandon the euro; intervention recycling equation altered
Cyprus penny has not yet dropped for the euro
Latvia’s Vilks defends euro decision
Q&A: Andris Vilks, Latvian finance minister
Europhoria takes single currency to new heights
Further euro strength could prompt ECB rate cut
Death of the euro as a reserve currency exaggerated
Merk: the euro might be the ‘rock star’ of 2013
Euro faces headwinds in 2013; renewed banking tensions threaten single currency
Foreign exchange: Toxic macro/monetary mix spells danger for euro
The battle for the eurozone's soul: a reading list
Special focus: Eurozone fragmentation
The problem with the euro: it’s working too well
Credit default swap ban leaves EUR vulnerable
Is ECB president Mario Draghi playing with fire?
Special focus: Grexit
Against the tide: Europe is not out of the woods
Cash management: Firms prepare for euro break-up
Catch-22 – death knell of the euro?
Greece might exit the euro afterall...
Markets Outlook: Why doomsday prophecies for 2012 are wrong
Euro break-up is plausible and eurozone downgrades could push EU into a recession
Against the tide: Euro’s end game
Eurozone withdrawal slim
Sovereign debt crisis: Cost to Germany of leaving the euro
UBS counts the cost to Germany of leaving the euro
Euro: Europe loses the benefits of the single currency
Book review: The euro, alive but not kicking
What went wrong with the euro: Lessons for Africa
Euro exit: the final card in Greece's hand
Against the tide: It’s a twin-track Europe
Breaking up the euro
Against the tide: Reports of the euro’s death are greatly exaggerated
Euro adoption: Crunch makes euro attractive
Does east follow west to the euro?
On the road to euroland
Here comes the euro
Euro's recovery waits for green light from Dublin
Euro awaits single financial market
Europe, the euro and sterling
Which way for the euro now?
Pushing the euro uphill?
Death in the eurozone
The capped crusader
Which way for the euro?
Europe sleepwalks into dangerous territory
SS Euro – sinking the unsinkable
If not Emu, then what?
How to fix conversion rates
Emu on track