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
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
Price trends in the eurozone
This graphic shows the change in consumer prices in the eurozone between 2019 and 2020.
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
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