Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home topics The euro
Document Actions

The euro - the EU single currency

Latest news about the European Union's single currency.

Sterling surge continues as markets start to price in Tory majority - Euro currency news daily
Sterling's upward rally continues unabated as markets grow in confidence that next Thursday's general election will result in a Conservative majority.

ECB models need to include climate change, says Lagarde
Climate change should be included in the European Central Bank's macroeconomic models, ECB chief Christine Lagarde said Monday in her first appearance at the European Parliament in her new role.

Brussels consults on implementation of Basel III reforms
The EU Commission has launched a public consultation on implementation of the Basel III standards - the reforms to improve the regulation, supervision and risk management in the banking sector.

New rules for online shopping in EU take effect
New EU rules on online shopping, which came into force on Saturday 14 September, should make it easier and safer for consumers to pay for goods and services online and to manage their personal finances.

Safer, easier electronic payments and online banking
New EU rules apply as of 14 September 2019 that will make it easier and safer for consumers to pay for goods and services online and to manage their personal finances.

EU support programme helps Greece towards financial stability
Greece has shown steady recovery since it successfully concluded its European Stability Mechanism support programme to restore financial stability and promote growth and job creation, the EU said Tuesday.

EU bank stress test too feeble: auditors
The latest bank stress test by the European Banking Authority should have been more demanding in testing banks' resilience to systemic risks across the EU, the EU Court of Auditors said on Wednesday.

Euro drop hits cost of living for Europeans in USA
Europe now accounts for less than a fifth (19 per cent) of the world’s most expensive cities, with 11 European cities dropping out of the top 100, according to ECA International's latest Cost of Living report.

Banks fined over EUR 1bn for foreign exchange cartel
The EU Commission fined five banks - Barclays, RBS, Citigroup, JPMorgan and MUFG - EUR 1.07 billion Thursday for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies.

ECB must allow full scrutiny of banking supervision: EU auditors
The European Court of Auditors called Monday on EU legislators to intervene and ensure the European Central Bank allows full access to documents for audits related to banking supervision.

EU's single currency turns 20 years old
The euro, Europe's common currency, turned 20 on 1 January 2019. 11 EU states launched the euro in January 1999, introducing a shared monetary policy under the European Central Bank.

#EUROat20
20 years ago, on 1 January 1999, 11 EU countries fixed their exchange rates, adopted a shared monetary policy under the European Central Bank, and launched a new common currency on world financial markets: the euro. Three years later, euro notes and coins entered into circulation. Today, the euro is the currency of 19 EU countries, over 340 million EU citizens and the second most important currency in the world.

Brussels seeks stronger global role for euro
The EU Commission put forward a number of initiatives Wednesday to boost the global role of the single currency, seeking to challenge the dollar's global dominance, particularly in the energy sector.

Third Progress Report on risk reduction and the declining trends as regards non-performing loans
The European Commission reported on 28 November for the third time on the progress achieved on risk reduction efforts.

EU states ease rules for dealing with bad loans
EU Member States agreed a softer position Wednesday on capital requirements applying to banks with non-performing loans (NPLs) on their balance sheets, in preparation for talks with the EU Parliament.

Non-performing loans (NPLs)
EU and national authorities are joining forces to address the risks related to high stocks of NPLs in Europe. Non-performing loans, or “NPLs”, are bank loans that are subject to late repayment or are unlikely to be repaid by the borrower.

European banks offer fees transparency from 31 Oct
New EU rules for banks and financial services providers, in force from 31 October, require them to be more transparent and open about the fees they charge related to opening and maintaining bank accounts.

Access to bank accounts
EU rules allow consumers to open and change bank accounts anywhere in the EU. The directive on payment accounts gives people in the EU the right to a basic payment account regardless of a person's place of residence or financial situation. The directive also improves the transparency of bank account fees and makes it easier to switch banks.

Progress in the Reduction of Non-Performing Loans in Europe
The European Commission has welcomed the headway made in tackling non-performing loans (NPLs) in the EU as part of ongoing work at the national and EU level to reduce remaining risks in parts of the European banking sector.

ECB retains supervision over Credit Mutuel: EU Court
The major French cooperative bank Credit Mutuel remains under prudential supervision of the European Central Bank, following a ruling Wednesday by the European Court of Justice.

Profits of Europe's SMEs on the rise: ECB survey
Smaller businesses in Europe have reported increasing profits for the first time since the beginning in 2009 of a European Central Bank survey, which also reports a higher willingness of banks to lend.

New EU e-payments rules to make shopping safer
The revised payment services directive, adopted Monday by the EU Commission, is designed to provide consumers with more convenient and innovative payment solutions, whether buying in shops or online.

Payment Services Directive (PSD2): Regulatory Technical Standards
The European Commission adopted on 27 November 2017 rules designed to make electronic payments in shops and online safer. This will also allow consumers to access more convenient, cost-effective and innovative solutions offered by payment providers.

UK's EU agencies set for Amsterdam, Paris after Brexit
EU 27 ministers on Monday selected Paris as the new seat for the European Banking Authority, and Amsterdam as the new seat for the European Medicines Agency, to following Britain's exit from the EU.

Brussels pushes ahead with banking risk-reduction package
A financial system more stable and resilient to shocks will benefit citizens and businesses, the EU Commission said Wednesday as it outlined plans to accelerate completion of the EU's Banking Union.