Twenty years ago, the central banks of the euro area promoted the biggest currency changeover in history, reflecting a paramount decision towards greater economic integration of 12 democracies.
Developments in recent years have shown how quickly events can change the way we perceive the world and our expectations of the future.
It's hard to believe that at the beginning of this year Germany was wondering what to do with its budget surplus. The “black zero” policy, which basically boils down to maintaining balanced budgets, was still popular.
The EU is looking for ways to respond to the crisis caused by the pandemic, but the Eurozone is still far from becoming a fiscal union. In crisis Poland should be happy to be outside the Eurozone and to have independent central...
The Croatian government plans to make another step towards joining the Eurozone in the second half of 2020, following few exercises recently carried out by the European Central Bank and the relevant Croatian authorities.
Despite the financial markets having suffered losses in the first instance — spurring the European Central Bank decision to inject EUR750bn into the system — it is the real economy which will be the hardest hit by recession....
Second online meeting of Eurozone’s finance ministers ended in a stalemate. Although a plan for a COVID-19-related rescue package has already been proposed, a lack of unity among member states has prevented its implementation....
The establishment of the banking union in the Eurozone means that banks are operating in a single regulatory environment, which is important especially in the case of cross-border banking groups. However, the banking union still...
Central banks may use conventional or unconventional forms of monetary policy. Whichever is chosen by the European Central Bank (ECB) it influences all Central and Southeast European (CSE) countries.
On its path to Eurozone membership Croatia has taken the important step of filing a formal application to join the EU's Exchange Rate Mechanism, or ERM II. But doubts whether introducing the EUR is a good or a dangerous thing...