Bahattin Gonultas and Emir Yildirim
13 October 2026•Update: 13 October 2026
The common currency of the 21 EU member states continues to depreciate against the US dollar amid mounting financial and political uncertainty in the bloc.
Concerns have reignited in the eurozone over fears of a repeat of the 2012 debt crisis, driven by France’s deepening fiscal indiscipline, political crisis and ongoing street protests, alongside Spain’s snap elections and Italy’s debt vulnerability.
The Middle East crisis continues to drive up energy costs, adding to volatility in the global bond market, while persistent inflation has cemented the downward pressure on the euro’s value as a
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