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
Merkel, Macron and key eurozone reforms
After months of silence, the grand ambition of French President Emmanuel Macron to reform the eurozone has finally received a response from German Chancellor Angela Merkel.
Little chance of EU ministers resolving asylum reform deadlock
EU interior ministers were pessimistic on Tuesday about resolving a deadlock over proposed asylum reforms, reducing the likelihood of settling the issue before an EU summit on June 28-29.
EU Commission welcomes Merkel’s input on EU reforms
In an interview with the Sunday edition of Germany's Frankfurter Allgemeine Zeitung, Merkel presented her vision of how the eurozone should develop, among many other topics.
Eurozone inflation leaps higher delivering ‘headache’ to ECB
Inflation in the eurozone leaped to the ECB's target in May, data shows, fuelled by a huge increase in oil prices as the US decided to pull out of a nuclear deal with Iran.
Eurozone unemployment edges down to 8.5 per cent in April
The seasonally adjusted unemployment rate in the 19-member eurozone edges down to 8.5 per cent, the lowest rate recorded since 2008.
EU’s cleanest waters in Austria, Cyprus, Greece, Luxembourg and Malta
A report released ahead of the European summer holiday season showed that the top five countries recorded "excellent" ratings for at least 95 per cent of their bathing waters.