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The euro - the EU single currency
Latest news about the European Union's single currency.
- EU prepares for end of LIBOR financial benchmark — 02 December 2020, 22:06 CET
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The European Parliament and EU Council reached provisional agreement Tuesday on key amendments to EU rules on financial benchmarks, in preparation for the end of LIBOR on December 31 2021.
- Banking rules revised to help COVID recovery — 25 June 2020, 00:24 CET
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The EU agreed to temporarily adapt its banking rules Wednesday in order to maximise the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis.
- Euro candidates still to meet EU convergence demands — 11 June 2020, 23:00 CET
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The European Commission published the 2020 convergence report Wednesday, in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro.
- Convergence report reviews Member States' progress towards joining euro area — 10 June 2020, 23:34 CET
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The European Commission published on 10 June the 2020 convergence report in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro.
- Coronavirus: banking package to facilitate bank lending — 30 April 2020, 00:14 CET
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A new banking package, adopted Tuesday by the EU Commission, aims to ensure that banks can continue to lend money to support the economy and help mitigate the economic impact of the coronavirus.
- Coronavirus: Banking Package to facilitate bank lending — 28 April 2020, 22:03 CET
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The European Commission adopted on 28 April a banking package to help facilitate bank lending to households and businesses throughout the European Union.
- New EU cross-border payments rules into force — 17 December 2019, 18:27 CET
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Consumers and businesses in non-eurozone EU Member States will enjoy cheaper cross-border payments in euro from Monday, as new rules came into force pricing these the same as domestic payments.
- ECB models need to include climate change, says Lagarde — 04 December 2019, 00:24 CET
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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 — 14 October 2019, 23:57 CET
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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 — 18 September 2019, 23:04 CET
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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 — 13 September 2019, 22:59 CET
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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 — 28 August 2019, 23:23 CET
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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 — 11 July 2019, 22:34 CET
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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 — 13 June 2019, 16:17 CET
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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 — 21 May 2019, 00:49 CET
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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 — 14 January 2019, 14:13 CET
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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 — 08 January 2019, 23:29 CET
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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 — 03 January 2019, 23:18 CET
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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 — 06 December 2018, 18:09 CET
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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 — 29 November 2018, 21:12 CET
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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 — 02 November 2018, 00:34 CET
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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) — 02 November 2018, 00:32 CET
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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 — 01 November 2018, 23:45 CET
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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 — 30 October 2018, 18:08 CET
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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 — 18 January 2018, 18:52 CET
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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.