A bloc of eight countries will rename their French-backed currency and France will scrap a contentious requirement for reserve deposits.
Tag: Euro (Currency)
The E.U. Has 4 Main Chiefs. What Do They Do?
The race to name the presidents of the four institutions that run the European Union is on. Here’s what each of institution does, and why it matters.
Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors
The populist government says issuing mini-treasury bills, similar to IOUs, would help Italy deal with its debt. Others see a scheme to leave the euro.
European Union Warns Italy to Reduce Spending and Borrowing
The warning by the European Commission was expected in the face of a populist government that intends to cut taxes and increase spending and despises Brussels.
New 100- and 200-Euro Notes Are Safer, Sturdier and Vegan Friendly
The bills, which entered circulation on Tuesday, complete the European Central Bank’s overhaul of paper money to make it easier to handle and harder to forge.