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Eurozone

Many states, one currency
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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 group photo, with European Council head Charles Michel in the middle and Czech Prime Minister Petr Fiala on his right hand, of the EU informal summit in Prague CastleŽs Rothmayer Hall, Prague, Czech Republic, on October 7, 2022. (CTK Photo/Katerina Sulova)
A group photo, with European Council hea... […]

New European Community

EU members have established a new political community with almost all other European countries as a response to Russia’s war on Ukraine. The aim of the association is to enable closer exchanges between EU countries and partners outside the EU. The interactive map shows the composition of the community, consisting of the 27 EU countries and 17 other non-EU countries.
The EU executive, which tracks the economy for the 27 countries in bloc, said GDP growth in the eurozone would reach 2.6% in 2022 and a sharply lowered 1.4% in 2023. Photo: Andre Pain / AFP
The EU executive, which tracks the econo... […]

EU cuts growth forecasts as war-stoked inflation surges

The European Commission has slashed growth forecasts for the eurozone, saying the consequences from the war in Ukraine were continuing to destabilise the economy because of record high inflation
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