European Union finance ministers have given Latvia the formal green light to join the euro zone. The Baltic state will begin using the new currency on January 1, 2014.
Ambitious spending plans by Italy's new coalition, and potentially a political unknown as prime minister, have put investors on edge. Some commentators think the effects will also be felt by the entire eurozone.
A Latvian bank is accused of funneling billions to North Korea while the country's top bank official is alleged to have taken bribes. However, European Central Bank authorities raised no alarms. Teri Schultz reports.
The ECB has warned the new Italian government to stick to EU budget rules rather than launch into new spending projects, given its €2.3 trillion debt. Eurozone finance ministers took a softer line.
Italy's populist government did not just fall from the sky — it was elected. And the incoming leaders could prove to be an explosive force for the European Union. DW's Bernd Riegert asks: What's next?
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