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
ECB inches closer to ‘digital euro’
The European Central Bank has inched closer to a "digital euro" with the launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens
Boom or bust as Spain, Italy get biggest slice of EU fund
Spain and Italy will receive the lion's share of the €750 billion EU rescue fund but opinions vary over whether it will help their economies roar back to life or go to waste.
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.