Transition of Latvia to euro from 1 January 2014 allows us today to remember how this transition proceeded in the neighbouring Estonia three years ago and the outcomes by the end of the first year of living in eurozone.
After four months in power President François Hollande has suffered a massive drop in popularity, his government is split over the eurozone fiscal pact and companies continue to lay workers off. This week is unlikely to see a turnaround — new unemployment figures will be announced on Wednesday and the cabinet will discuss a widely dreaded budget on Friday.
Like many other regions around the world, Central Europe (CE) was profoundly affected by the global economic crisis. This article discusses the way CE countries have been handling the effects of the global crisis in the region by looking into changes in the macroeconomic indicators over the past 2 years.
The markets are watching anxiously ahead of a meeting on Tuesday in Paris between French President Nicolas Sarkozy and German Chancellor Angela Merkel, to discuss ways to try to resolve the eurozone debt crisis.
Commission president José Manuel Barroso, who is running for a second term at the EU executive’s helm, likened EU policies to address climate change and improve energy security to the coal and steel community which paved the way for European reconciliation after the Second World War.