Eurozone

Many states, one currency
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.
A nurse takes care of a Covid-19 patient in the intensive care unit of the Centre Hospitalier Privé de l'Europe in Port-Marly, France, on March 25, 2021. Photo: Martin Bureau / AFP
A nurse takes care of a Covid-19 patient... […]

Pandemic upsurge hits Europe recovery hopes

An upsurge in new coronavirus cases is forcing governments across Europe into new, damaging lockdowns that threaten to delay a much hoped-for return to growth, economists say
Former ECB head Mario Draghi leaves the Quirinale palace in Rome after a meeting with the Italian president on February 3, 2021. Photo: Andreas Solaro / AFP
Former ECB head Mario Draghi leaves the ... […]

The economic challenges facing Italy’s ‘Super Mario’

Political instability and the worst recession since World War II -- Mario Draghi, the former European Central Bank chief brought in to rescue his native Italy, has some major challenges ahead
This picture shows the construction site of a high-rise building at the business district of La Defense west of Paris on October 21, 2020, as the country faces a new wave of infections to the Covid-19 (the novel coronavirus). - La Defense, the largest European business district and the fourth largest in the world, had to reshape its activity following the Covid-19 pandemic: work from home, barrier measures and safety guidelines. According to Paris-La Defense association district, 60% of its workers have returned to the office. However, following the lockdown, the generalisation of home working, the partial closure of bars and restaurants and, now, the curfew, the daily life of some 500 companies and 180,000 employees is permanently affected. (Photo by Christophe ARCHAMBAULT / AFP)
This picture shows the construction site... […]

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
A shopper wearing a protective mask buys fruits in a Paris' district market on May 12, 2020, after France eased lockdown measures taken to curb the spread of the COVID-19 pandemic, caused by the novel coronavirus. (Photo by FRANCK FIFE / AFP)
A shopper wearing a protective mask buys... […]

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
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