Eurozone

"Europe is experiencing an economic shock without precedent since the Great Depression,'' the EU's economy chief Paolo Gentiloni said on Wednesday.

The EU must be there to support member states’ economic recovery from the COVID-19 pandemic, former Greek Finance Minister George Papaconstantinou tells Euronews.

We explain the EU's coronavirus rescue deal and how it aims to provide safety nets for workers, businesses and EU countries hit by the pandemic.

"The bleak outlook applies to advanced and developing economies alike. This crisis knows no boundaries. Everybody hurts," says International Monetary Fund Managing Director Kristalina Georgieva.

A new series of 'Real Economy' looks at some of the reasons why the forecast is gloomy and how opportunities can turn the tide.

We look back at Christine Lagarde's career trajectory from French Minister to IMF chief and the issues that follow her heading into her next role.

According to the preliminary Eurostat data Eurozone GDP grew 0.2% quarter-on-quarter in the April-June period, down from 0.4% in the previous three months.

The European Central Bank kept interest rates unchanged at the meeting in Frankfurt with the main refinancing rate remaining at zero and the deposit rate at minus 0.4%.

"As Commissioner Muscovi said the door is open for further evidence, for further information, potentially further measures, the ball is now in the Italian camp.”

Progress, but not big breakthrough. Trying to create a budget across the 19 economies of the eurozone is always a challenge.

On the 20th anniversary of the currency, Euronews speaks to economist Duncan Weldon about how successful the euro has been and what we can expect next from the currency.

A large majority of people in all 19 eurozone countries support the euro currency, a poll has found

In the proposed State Budget for 2019, the Portuguese Government estimates a deficit of 0.2% of GDP, with the ambition of setting it at 0 % of GDP by 2020. Portugal is often praised as the good pupil of the eurozone in contrast to Italy, which plans to up spending, going against eurozone rules.

The EU Commissioner for the euro, Valdis Dombrovskis, met with the Croatian government in Zagreb today to discuss the country's prospects to join the euro.

Euro zone growth was better than expected in the second quarter, flash estimates showed on Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the year.

Greece now a "normal" eurozone country, says EU Finance Commissioner Moscovici.

The deal with Eurozone countries gives Greece ten more years to pay back over 96 billion euros