The euro - the EU single currency

Latest business news about the euro - the Common Currency of the European Union

Polish police nab largest-ever currency counterfeiting gang — 01 July 2009, 12:53 CET

Polish police have arrested three Poles suspected of running the country's largest-ever operation counterfeiting euros and Polish zloty banknotes, national police headquarters said Wednesday.

Slovaks get rid of koruna coins after euro adoption — 30 June 2009, 23:54 CET

Slovaks, who have been using the euro for six months, got rid of all their old koruna coins on Tuesday -- their last opportunity to exchange the coins for euros in banks.

Bulgarians held for printing fake euro bills — 25 June 2009, 23:26 CET

Seventeen Bulgarians were arrested Thursday in the central city of Plovdiv for allegedly printing fake euro bills worth 400,000 euros, the interior ministry said.

Oil approaches 69 dollars in Asia as euro rebounds — 25 June 2009, 10:58 CET

Oil prices turned higher in Asian trade Thursday, approaching 69 dollars a barrel, after the greenback fell against the euro, analysts said.

Poll shows Swedes evenly split on euro: poll — 23 June 2009, 13:57 CET

Swedes are split down the middle on whether to adopt the euro, an opinion poll suggested Tuesday, as observers attribute rising support for the "yes" camp to the global financial crisis.

Latvia sees no devaluation, euro entry in 2013 soonest: PM — 03 June 2009, 18:48 CET

Latvian Prime Minister Valdis Dombrovskis said Wednesday his crisis-hit country would adopt the euro in 2013 at the earliest and strongly ruled out a devaluation of the Latvian currency for social reasons.

Facilitating the free circulation of euro cash — 22 May 2009, 00:10 CET

The Commission adopted on 18 May 2009 a White Paper on professional cross border transportation of euro cash by road between Member States in the euro area.

Interim Czech cabinet won't set euro entry date: PM — 20 May 2009, 17:32 CET

The interim Czech cabinet appointed to lead the country to early elections in October will not set a euro adoption date, Prime Minister Jan Fischer said on Wednesday.

Majority of Danes oppose joining euro: new poll — 14 May 2009, 11:45 CET

A majority of Danes are opposed to joining the euro, according to a new survey published Thursday by the Jyllands-Posten newspaper.

Estonia plans fresh fiscal measures to keep on euro track — 05 May 2009, 23:07 CET

Recession-hit Estonia plans fresh spending cuts aimed at keeping the 2009 budget deficit below 3.0 per cent of GDP in order to join the eurozone in January 2011, the finance ministry said Tuesday.

Iceland PM predicts euro adoption 'within four years' — 21 April 2009, 18:09 CET

EU membership will be the government's top priority if it wins Saturday's election, and the country will adopt the euro within four years - Iceland PM.

Swedes swing towards euro 'yes': poll — 20 April 2009, 00:31 CET

Most Swedes are in favour of their country joining the euro, a opinion poll suggests. 47 per cent supported Sweden signing up to the single currency, 45 per cent were against.

Polish police nab gang spreading fake euros across EU — 15 April 2009, 16:06 CET

Polish police have broken up a criminal gang that spread forged 50 and 100 euro banknotes across the European Union, notably in France, Germany, the Netherlands and Spain, authorities said Wednesday.

Ireland's euro partners concerned by 'grave' slump — 03 April 2009, 19:02 CET

Ireland's eurozone partners voiced concern on Friday about the "grave" recession engulfing what was once known as the Celtic Tiger whose budget deficit spirals ever higher.

Eurozone ministers reject fast-track euro entry — 10 March 2009, 00:27 CET

Finance ministers from the 16 countries sharing the euro reject easing conditions for joining the bloc to allow for fast-track accession, says their chairman Jean-Claude Juncker.

Euro membership would boost Baltics: ratings agency — 05 March 2009, 13:41 CET

Fast-track eurozone membership for Estonia, Latvia and Lithuania would boost their credit ratings by removing the risk of a balance of payments crisis, says ratings agency Standard and Poor's.

EU leaders open door to fast-track euro membership — 02 March 2009, 17:54 CET

Several EU leaders have opened the door to the possibility of fast-track membership of the eurozone, while ruling out a relaxation of the tough rules for adopting the currency.

Germany only euro member to shrink in 2010: EEAG — 25 February 2009, 23:14 CET

The German economy, Europe's biggest, will continue to contract in 2010 while other eurozone members return to growth, says the European Economic Advisory Group.

Poland's central bank questions euro — 16 February 2009, 21:57 CET

Worried by the global crisis, Poland's central bank (NBP) on Monday weighed the costs and benefits of planned entry in the eurozone in 2012, the NBP's head said of an official report published Monday.

EU's Barroso calls euro a 'shield' — 04 February 2009, 14:02 CET

The euro is a "protective shield" amid the global economic crisis, European Commission President Jose Manuel Barroso said on Wednesday, dismissing fears of a eurozone break-up.

Italian police crack fake euro network, 94 arrested — 28 January 2009, 12:57 CET

Italian police have dismantled a vast network of euro counterfeiters, arresting 94 people across the country, an officer told AFP on Wednesday.

British Labour MEP relaunches euro debate — 13 January 2009, 19:39 CET

Britain would be better off if it adopted the euro, says a British Labour party Member of the European Parliament, with the pound near all-time lows against the common currency.

Number of seized counterfeit euro notes jumped late 2008 — 13 January 2009, 17:48 CET

The number of seized counterfeit euro notes jumped by more than 13 percent in the second half of 2008, the European Central Bank said on Monday.

Slovakia becomes 16th eurozone member — 02 January 2009, 23:58 CET

Slovakia adopted the euro as of Thursday to become the 16th member of the eurozone, exactly ten years after the single European currency was introduced.

Mandelson denies sparking Britain euro suggestions — 03 December 2008, 23:41 CET

British minister and former EU trade chief Peter Mandelson has denied that he is behind suggestions that London is considering taking Britain into the euro.