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
Eurozone unemployment dips to 8.1 per cent
Unemployment in the 19-country eurozone drops to 8.1 per cent in August, the lowest level since November 2008.
Eurozone inflation rises to 2.1 per cent
The Eurozone rate of inflation rises in September, but remains close to the European Central Bank's annual inflation goal of just below 2 per cent.
Macron’s EU vision: how has it fared 12 months on?
On September 26 last year, Emmanuel Macron laid out his vision for a reformed EU to blunt the rise of nationalism and ensure the bloc has a future as an independent actor on the world stage.
ECB’s Draghi unruffled by risks to eurozone
ECB chief Mario Draghi says the eurozone economy is strong enough to weather rising "uncertainties", sticking fast to his plan to scale back crisis-era stimulus by the end of the year.
EU unveils plans to ramp up EU border guard, strengthen asylum rules
During his annual address to the European Parliament Jean-Claude Juncker unveiled measures to strengthen the asylum system in the Union.
What has Greece received in outside support so far?
A brief overview over the European aid efforts for the Greek economy.