The introduction of the Euro was hailed as a success story, with countries clamoring to join the Eurozone. But now doubts are growing about the bloc. Was it built along a political fault line?
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
As European Union leaders meet in Brussels for the last time this year, three major items dominate the agenda: Brexit, defense and migration. However, Emmanuel Macron's push for eurozone reforms will likely have to wait.
Germany's blue-chip Dax index and the euro have pared early losses suffered after Chancellor Angela Merkel's efforts to form a coalition government failed. But political uncertainty in Europe's biggest economy remains.
German Finance Minister Wolfgang Schäuble, a seasoned stickler, is bidding farewell after eight years. Though anyone in the EU looking forward to a future of more debt may be cheering too soon, writes Bernd Riegert.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version