All posts tagged euro zone

three euro coins two one euro and a 50 euro cent coin
June 4, 2014, by The Sofia Globe staff

The European Commission released its latest euro area convergence report on June 4, assessing the readiness of EU member states to adopt the common currency, in which it recommended allowing […]

Photo:  Pedro Moura Pinheiro/

Euro zone debt rising in spite of austerity measures

July 22, 2013, by VOANews

The combined debt in the eurozone continues to grow, even as many of the 17 nations in Europe’s currency bloc have adopted austerity measures to ...

Photo: Steve Ford/

Latvia to adopt euro on January 1 2014

July 9, 2013, by The Sofia Globe staff

The economic and financial affairs council of the European Union (Ecofin) passed on July 9 a decision allowing Latvia to adopt the euro as its currenc ...

Photo: Steve Ford/

Latvia ready to join euro zone in 2014, EC says

June 6, 2013, by The Sofia Globe staff

The European Commission has published its annual convergence report on Latvia, concluding that the country was ready to join the euro zone on January ...

  • Photo: svilen001/
    Euro zone annual inflation down to 1.2% in April
    May 16, 2013, by The Sofia Globe staff

    Euro zone annual inflation was 1.2 per cent in April, down from 1.7 per cent a month earlier, European Union’s statistics board Eurostat said on May 16. The annual inflation […]

  • Photo:  Pedro Moura Pinheiro/
    European recession now longer than 2008 financial crisis
    May 16, 2013, by Mil Arcega of VOANews

    The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March.  The new data means the 17-nation currency bloc has now been […]

  • euro coins by José Antonio López
    Shrinking EU economies deepen austerity divisions
    April 28, 2013, by Henry Ridgwell of VOANews

    Alongside Germany, France has been in the driving seat of European integration, but figures released Thursday show over 3.2 million French are jobless, and further cuts are looming. Carmaker Citroen […]