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.
Eurozone
Many states, one currency
ECB: People less inclined to pay cash since start of virus pandemic
A recent report shows how more people around Europe are now preferring the use of electronic payments instead of cash ones in the light of the ongoing coronavirus pandemic.
EU warns no return to pre-crisis economy before 2023
A second wave of the coronavirus pandemic has stalled a nascent recovery in Europe, as the EU warned that the economy would not return to pre-virus normality before 2023
Eurozone GDP up 12.7% in Q3, biggest quarterly rise
Eurozone output soared by 12.7 percent in the third quarter as the bloc bounced back from the depths of the coronavirus lockdown, according to the Eurostat statistics agency
France, Germany impose drastic curbs as virus surges in Europe
France is preparing to begin a new lockdown as Germany imposed drastic new curbs, with European leaders set to hold a video summit to discuss the spikes in coronavirus infections on the continent
EU leaders to decide tougher climate goal in December
EU leaders have said they will decide on a more stringent climate target for 2030 at a summit in December, leaving more time to forge a united response to climate change
Why is the ECB eyeing a ‘digital euro’?
The European Central Bank will on Monday launch a public consultation and start experiments to help it decide whether to create a "digital euro" for the 19-nation currency club