The euro is the official currency of the eurozone, which consists of 19 of the 28 EU member states. It is the second-largest reserve currency in the world after the US dollar.
Since 1999, the euro has been used as an accounting currency in global financial markets. Physical euro coins and banknotes entered into circulation in 2002. In 2009, the euro has become immersed in Europe's sovereign debt crisis which forced the eurozone to adopt a raft of reforms to stabilize the currency.
The European Commission is evaluating the use of 1 euro cent and 2 euro cents coins — probably good news to a lot of people living in the eurozone … these small copper coins seem to multiply like mad in your wallet and weigh a tonne. Keith Walker speaks with DW business reporter Andreas Becker who explains the main arguments for getting rid of the small coins.
Britain finally leaves the EU - How prepared is Europe for an outbreak of a new coronavirus? - Souvenir street sellers moved on in Rome - French workers protest against pension reforms – The often overlooked Romany victims of the Nazis – Stolpersteine: one victim, one stone – Are Eurozone wallets about to get lighter? - Unaccompanied migrant children in Greece
The EU rolled out a trillion-euro climate financing plan this week to bankroll its ambitious goal of making Europe the first carbon-neutral continent by 2050. It offers yet another sharp contrast with the United States, where critics say the government is ignoring or undermining climate science. Some US scientists are responding with their feet. Lisa Bryant has the story from Paris.