A common currency for Europe – with the introduction of the euro more than 20 years ago, that vision became reality. More recently the monetary union was put to the test during the European sovereign debt crisis. And while the perspectives for the euro zone as a whole are better than they have been in a long time, major reforms are on the horizon. In addition, an expansion of the common currency to all EU member countries is being debated. As a result the new chairman of the Eurogroup, Mario Centeno, already has his work cut out for him.
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
1 month ago
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.
2 months ago
The European Central Bank signals it could interest rates or resume its multi-billion-euro quantitative easing programme to boost growth in the eurozone
5 months ago
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