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
EU ministers: More time needed on daylight savings reform
Survey to which 4.6 million people responded, revealed 84 per cent of Europeans want to stop moving the clocks by an hour under daylight saving time.
European Central Bank holds rates at record low
The European Central Bank decides to holds interest rates at record low amid inflation risks.
EU Commission: Italy’s deficit breach ‘unprecedented’ in eurozone
The European Commission slams Italy for its "unprecedented" breach of eurozone budget discipline rules.
People’s Vote plans biggest rally to push for new Brexit referendum
Organizers hope over 100,000 people will gather to hear lawmakers from across Britain's political divide calling for a fresh referendum on Britain's negotiations to leave the EU.
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.