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.
Mario Draghi, President of the European Central Bank (ECB) addresses the media during a press conference following the meeting of the Governing Council in Frankfurt am Main, Germany, on September 13, 2018. Photo: Daniel Roland / AFP
Mario Draghi, President of the European […]

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.
18.06.2018, Rhineland-Palatinate, Wittlich: Jean-Claude Juncker, President of the European Commission, gives his acceptance speech after receiving the Georg Meistermann Prize. The prize, worth 10,000 euros, goes back to the artist Georg Meistermann, who was critical and constructive in his quest for democracy and freedom of expression. Photo: Harald Tittel / dpa
18.06.2018, Rhineland-Palatinate, Wittli […]

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.
A protester waves a Greek flag as he demonstrates with thousands against a new austerity package in front of the Greek parliament in Athens on June 5, 2011. Photo: Angelos Tzortzinis / AFP
A protester waves a Greek flag as he dem […]

Greece exits third and last bailout after biting austerity

After years of stinging austerity measures, Greece emerges from its third and last bailout, although officials warn the country still has a "long way to go".
13.08.2018, Turkey, Ankara: Recep Tayyip Erdogan, President of Turkey, giving a speech to Turkish ambassadors in the Presidential Palace. After another dramatic slump of the lira on the stock exchanges, the Minister of Finance and the Central Bank on 13.08. Emergency measures taken. Photo: Uncredited / Presidency Press Service / AP / dpa +++ dpa broadcast +++
13.08.2018, Turkey, Ankara: Recep Tayyip […]

Europe, Germany forced to the sidelines in Turkish crisis

Financial and political stability in Turkey is critical to Europe. But EU leaders are finding it hard to help end an ongoing crisis in Turkey amid long-standing tensions with Ankara.
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