New pan-European payment instruments, including solutions based on emerging technologies in the financial sector or FinTech, are a part of the European Commission’s plan to boost the euro's standing in international markets.
Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher US sanctions, traders who deal with the firm told Reuters.
Short-dated Italian government bonds sold off on Friday (3 August) for the second straight day on signs of deepening tension within the Italian government that is raising the prospect of new elections.
Despite concerns over a potential new euro crisis due to Italian political instability,the president of the European Central Bank, Mario Draghi, believes the currency is “strong”. EURACTIV’s partner La Tribune reports.
With an eye on Italy and Spain and the possible political and financial turmoil there, the European Commission chief Jean-Claude Juncker called once again on Tuesday (5 June) for a fast and deep reform of the Economic and Monetary Union.
The leader of Italy's right-wing Northern League said yesterday (7 February) his party was preparing the ground to leave the euro zone and called the euro a "German currency" which had damaged Italy's economy.
The euro has been fought against by everyone in the Czech Republic who doesn’t like the idea of deeper European integration. However, as centre-right MEP Luděk Niedermayer points out, myths and false arguments often dogs the debate about the common currency.
Slovakia's prime minister, president and parliament speaker pledged yesterday (23 October) to keep to a pro-European path, a day after its Czech neighbours became the latest central European ex-Communists to elect a populist taking a hard line on the EU.
In his speech on the State of the Union, Jean-Claude Juncker insisted on the extension of the eurozone, but not on its deepening. He fears the two-speed Europe defended by Emmanuel Macron. EURACTIV France reports.
Bulgaria has a long way to go before it is ready to adopt the euro but allowing Sofia into the Exchange Rate Mechanism (ERM-2) will be an acknowledgment of the Balkan country's reform efforts, its finance minister said today (2 June).
The Czech Republic should not adopt the euro because it would "bring nothing good," former finance minister Andrej Babis, the front-runner in October's general election, said in an interview today (1 June).
Italy's central bank warned today (31 May) that leaving the eurozone would not solve the country's economic problems, as two major parties campaign to drop the common currency before an election that may come as soon as this autumn.
The political disarray in France’s mainstream parties is encouraging debate about Frexit. The possibility is alarming economists, who fear it would cause a “cardiac arrest” in global finance and make life harder for the poor. EURACTIV France reports.
Germany will press G20 members to sign off on a set of principles including free trade at this week's meeting of the group's financial leaders, in what the Trump Administration may perceive as a challenge to its more protectionist stance.
Emmanuel Macron and Marine Le Pen, the two front-runners in the French presidential race, both chose Lyon to officially launch their presidential campaigns at the weekend (4 February). Europe emerged as the central issue in the race to the Elysée Palace. Euractiv France reports.
Eurozone countries should retreat from the euro single currency and return to a "common currency" structure, French National Front leader Marine Le Pen said on Wednesday (4 January), evoking the era of the ECU basket of currencies.