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Background, scenarios and news

Discover the latest news, find in-depth background information and explore scenarios, commentary and surveys on the eurozone with our selection of reports and useful links.

News and updates

Updates from the UK Government

Greece updates: Advice for UK citizens and businesses
Regularly updated guidance from Gov.uk with links to further information on the UK's contingency planning, travel advice and advice for businesses. Updated by UK Government on 22nd July 2015.

Greek referendum result: statement
A statement from Downing Street issued on 6 July 2015 following the result of the referendum in Greece.

Chancellor's statement on Greece
Speech delivered to Parliament by George Osborne on 6 July 2015 covering the latest developments in the financial crisis in Greece and how they might affect British citizens.

News providers

Several main news providers have amalgamated their latest reporting, features, commentary and analysis on the eurozone into special sections.

Background

Greek debt crisis: background and developments in 2015
House of Commons Library Briefing Paper Number 7114, last updated 7 July 2015
The government briefing provides a clear summary of events with an overview of the background to the crisis. The detailed commentary covers:

  • Update on recent developments 
  • Summary of events up to 22 June
  • Background to crisis
  • Greek banking system under pressure
  • Early 2015 negotiations on extending financial assistance
  • Failure to come to a final agreement
  • Funding issues
  • What happens if Greece defaults on its debt?

Greece's fiscal odyssey: Pushing back against austerity
Bloomberg QuickTake, updated regularly
Summary analysing the current economic and political situation in Greece, with an explanation of the background issues and arguments.

Scenarios

Greece three years on
Clifford Chance, Client Briefing, May 2015
Briefing paper looking at how circumstances in Greece have changed since 2011 and suggesting how organisations must update their contingency plans based on a number of wide-ranging scenarios.

Greece: The months ahead
Slaughter and May, April 2015
Briefing report examining the background of the Greek financial crisis with analysis of four possible scenarios and their impact on the wider economy.

What would a Greek exit mean for the eurozone?
PwC, Global Economy Watch, March 2015
A bulletin updating the Greek exit scenario developed by PwC in 2011 that considers how a Greek exit could impact the wider eurozone economy.

The euro and currency unions
Allen and Overy, October 2011
Explanatory paper from the Allen and Overy Global Law Intelligence Unit looking at what would happen if the euro broke up and the potential impact on sovereign states, corporations and banks, with a special focus on the arising legal obligations.

Economic forecasts

European economic forecast
Directorate-General for Economic and Financial Affairs, European Commission
Forecasts are published by the DG ECFIN in spring and autumn with additional interim bulletins. The detailed reports cover economic developments at the aggregated level and prospects by individual country.

Eurostat
European Commission
The EC's statistics hub provides a wide variety of data including GDP growth rates, Euroindicators and figures on other economic trends and activity.

Eurozone Forecast
EY
The latest edition of EY's quarterly forecast. Information includes economic highlights, financial services forecast and a comparison of economic data across the eurozone, with country-specific data.

Global Economic Outlook
Deloitte
Quarterly reports with analysis of regional economic trends. Each report features commentary on the eurozone.

Global Economy Watch
PwC
Monthly bulletins analysing trends and issues affecting the global economy, with country-by-country projections.

Surveys and reports

The future of Europe
Grant Thornton, May 2015
Part of Grant Thornton's International Business Report series, this survey looks at economic growth and threats to stability within the eurozone.

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