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 protester waves a Greek flag as he demonstrates with thousands against a new austerity package in front of the Greek parliament in Athens on June 5, 2011. Photo: Angelos Tzortzinis / AFP
A protester waves a Greek flag as he dem […]

Greece exits third and last bailout after biting austerity

After years of stinging austerity measures, Greece emerges from its third and last bailout, although officials warn the country still has a "long way to go".
13.08.2018, Turkey, Ankara: Recep Tayyip Erdogan, President of Turkey, giving a speech to Turkish ambassadors in the Presidential Palace. After another dramatic slump of the lira on the stock exchanges, the Minister of Finance and the Central Bank on 13.08. Emergency measures taken. Photo: Uncredited / Presidency Press Service / AP / dpa +++ dpa broadcast +++
13.08.2018, Turkey, Ankara: Recep Tayyip […]

Europe, Germany forced to the sidelines in Turkish crisis

Financial and political stability in Turkey is critical to Europe. But EU leaders are finding it hard to help end an ongoing crisis in Turkey amid long-standing tensions with Ankara.
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