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 nurse takes care of a Covid-19 patient in the intensive care unit of the Centre Hospitalier Privé de l'Europe in Port-Marly, France, on March 25, 2021. Photo: Martin Bureau / AFP
A nurse takes care of a Covid-19 patient... […]

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
Former ECB head Mario Draghi leaves the Quirinale palace in Rome after a meeting with the Italian president on February 3, 2021. Photo: Andreas Solaro / AFP
Former ECB head Mario Draghi leaves the ... […]

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
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