Qualified advisers answering your
Financial Questions
call 0800 092 1245

FSA concerned about weakness of Euro

The FSA (Financial Services Authority) has today indicated a new movement in stress testing for UK companies with a specific focus on the Euro and trade within the European Union. There is a growing concern about the weakness of the Euro and the impact this could have on UK businesses which trade overseas or trade with counterparts in Europe. As a consequence the FSA is looking to work with UK companies to stress test their exposure to the Euro and make judgment calls where applicable.

At the same time a number of leading economists are quietly suggesting that the Euro may well be disbanded within five years due to the weakness of the European Union at the moment. This is not something which is a widely held belief but it is something which is being discussed more and more behind closed doors. The idea that the Euro, effectively the combined strength of European Union members committed to the cause, would be the new currency of choice for many in the world is quickly evaporating.

While many of the major economies within Europe are struggling it is the smaller entities such as Greece and Hungary which are causing concern at the moment. There is a growing belief that too many small nations were allowed entry into the European Union without a strong enough economy. As a consequence, the European Union as a whole is being dragged down by many of the smaller weaker economies.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details