European banks are working on a new payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal, sources have told AFP
The unemployment rate in the European Union has dropped in August, in comparison to the previous month and the same month last year. This rate is in fact the lowest joblessness rate the eurozone has reached since May 2008.
The European Central Bank signals it could interest rates or resume its multi-billion-euro quantitative easing programme to boost growth in the eurozone
EU finance ministers have agreed on the broad outlines of a eurozone budget, a key reform pushed by Paris that was scaled back amid deep resistance from the Netherlands
According to data released by the European Union's statistics agency, the unemployment rate in the eurozone remained steady at 7.9 per cent in December.