currency bloc

Europe's fitful recovery is unfolding more than a year after the 16 - nation currency bloc emerged from its worst recession in decades .

When asked about a possible Greek exit from the common currency bloc, Draghi said such an option was not in the treaty.

Growth is still massively imbalanced in the currency bloc, with Germany powering ahead, while peripheral nations are still struggling.

The clear implication is that investors do not believe the currency bloc's debt crisis is over, multi-billion euro zone bailouts or not.

The eurozone has the money for this: the currency bloc is in external balance.

The euro now may have become the main indicator of the depth of the currency bloc's crisis, potentially making it more volatile.

With the young currency bloc facing the first major test of its fiscal reliability, financial markets are hedging their bets.

A breakup of the euro currency bloc, which many economists consider a serious risk, would have incalculable consequences.

Inflation in the currency bloc unexpectedly remained at a three-year high in October, and unemployment also increased in September.

But although Germany is the currency bloc's paymaster, pushing for a technical default won't help matters.

Even Germany, the currency bloc's economic powerhouse, is not immune to the global moderation in growth.

So what is the currency bloc's plan?

IHS forecasts 1. 4% growth for the currency bloc next year, down from 1. 7% in 2010.