Global financial markets are in turmoil, with record volatility on stock markets, unprecedented losses in financial institutions and even whole banking systems being bailed-out.
But there is one crisis we have managed to avoid within the euro zone - a currency crisis on top of the credit crunch.
As John Thornhill noted in the Financial Times earlier this month: "The creation of the 15-country euro zone has introduced greater stability into the heart of the European economy, ending...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.