The euro - the EU single currency

Latest news about the European Union's single currency.

Fed and Bank of England both lower interest rates in tandem - Euro currency news daily — 08 November 2024, 12:24 CET

Chancellor Olaf Scholz of Germany dismissed Finance Minister Christian Lindner this week, destabilizing his center-left government and ending its three-party ruling coalition. This upheaval in Berlin comes as Donald Trump's election in the U.S. presents new economic and security challenges for Europe.

Brussels proposes one-year delay for Basel bank oversight rules — 31 July 2024, 01:07 CET

The European Commission proposed Wednesday to postpone by one year application of the market risk prudential requirements of the Basel III international regulatory framework for banks.

Bulgaria makes most progress on euro convergence — 30 June 2024, 19:31 CET

Bulgaria has fulfilled all but one of the conditions for adoption of the euro single currency, the European Commission found Wednesday, as it published its 2024 Convergence Report.

EU adopts instant 10-second payments regulation — 26 February 2024, 22:23 CET

The EU Council adopted Monday a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

Brussels outlines framework for new digital euro — 28 June 2023, 21:33 CET

The EU Commission set out proposals Wednesday for a framework for a possible digital form of the euro that the ECB may issue in future, as well as for continued access to euro banknotes and coins.

Political agreement on EU Banking Package — 27 June 2023, 23:04 CET

The European Parliament and Council reach draft agreement Tuesday on EU banking rules to implement 'Basel III' reforms aimed at boosting the strength and resilience of banks operating in the EU.

Brussels approves merger between Credit Suisse and UBS — 25 May 2023, 18:58 CET

The European Commission approved the merger between Credit Suisse and UBS unconditionally Thursday, saying it would not raise competition concerns in the European Economic Area.

EU to reform system for handling failing banks — 19 April 2023, 23:09 CET

The EU Commission put forward proposals Tuesday to strengthen the EU's bank crisis management and deposit insurance framework, with a focus on medium-sized and smaller banks.

Reform of bank crisis management and deposit insurance framework - guide — 19 April 2023, 22:55 CET

The European Commission adopted on 18 April a proposal to adjust and further strengthen the EU's existing bank crisis management and deposit insurance (CMDI) framework, with a focus on medium-sized and smaller banks.

Croatia completes euro changeover — 17 January 2023, 18:56 CET

Croatia has successfully completed its changeover to the euro single currency, with a 14-day dual circulation period (when both the kuna and the euro could be used) ending on Saturday.

Croatia and the euro — 16 January 2023, 23:35 CET

Croatia joined the European Union in 2013 and adopted the euro on 1 January 2023.

Croatia ushers in New Year by joining euro and Schengen — 02 January 2023, 01:05 CET

Croatia became the twentieth member of the European Union's common currency on 1 January, when it also joined the EU's borderless Schengen zone.

EU clearing, insolvency proposals to make capital markets more attractive — 12 December 2022, 23:06 CET

The EU Commission laid out plans Wednesday to make EU clearing services more attractive, harmonise some corporate insolvency rules and make it easier for companies to list on stock exchanges.

New Commission proposals to make clearing services in the EU more attractive - guide — 07 December 2022, 21:46 CET

The European Commission on 7 December put forward new proposals on clearing, corporate insolvency and company listing to make EU capital markets more attractive.

More rates rises ahead, warns ECB chief Lagarde — 28 September 2022, 23:49 CET

More euro interest rates rises are inevitable, European Central Bank president Christine Lagarde told the EU Parliament Monday, citing the fight against inflation as the only way to restore confidence.

Croatia given final approval to join euro — 12 July 2022, 23:15 CET

The EU Council adopted the last three legal acts to enable Croatia to become a member of the euro area Tuesday, paving the way for Croatia to introduce the EU's common currency on 1 January 2023.

Croatia ready to adopt euro in 2023: Eurogroup — 17 June 2022, 18:13 CET

The Eurogroup of EU finance ministers endorsed a recommendation Thursday for Croatia to introduce the euro on 1 January 2023, the first step in a legal process to enable Croatia to join the euro area.

Croatia set to adopt euro on 1 January — 04 June 2022, 00:05 CET

Croatia is ready to adopt the euro on 1 January 2023, the European Commission concluded on Wednesday in a review of the country's preparedness to join the single currency area.

European Commission's Convergence Report 2022 — 01 June 2022, 23:02 CET

The European Commission concluded on 1 June that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of euro area Member States to twenty.

Croatia and the euro — 01 June 2022, 22:46 CET

Croatia joined the European Union on 1 July 2013 and has been in ERM-II since 10 July 2020.

EU to bolster financial sector's defence against cyber-attacks — 12 May 2022, 22:48 CET

EU Parliament and Council provisionally agreed Tuesday to strengthen the IT security of Europe's financial sector, to ensure it can maintain resilient operations in any severe operational disruption.

EU reviews state aid rules for banks in difficulty — 17 March 2022, 22:13 CET

The EU Commission was gathering views Thursday on EU state aid rules for banks in difficulty from parties with interest in the matter, such as individuals or groups, academia and research institutions.

Review of the Central Securities Depositories Regulation — 16 March 2022, 23:41 CET

The European Commission on 16 March proposed changes to the Central Securities Depositories Regulation to enhance the efficiency of the EU's settlement markets, while safeguarding financial stability.

EU moves to strengthen banks' resilience — 01 November 2021, 18:01 CET

The EU Commission said Wednesday its review of EU banking rules will ensure EU banks become more resilient to potential future economic shocks and contribute to Europe's recovery post-COVID.

New EU authority to crack down on money-laundering — 04 August 2021, 00:37 CET

The EU Commission proposed Monday a new authority to combat money laundering, part of a package of measures to strengthen Europe's fight against money laundering and countering terrorism financing.