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.
Hungarian football is on the up. The national team has qualified for Euro 2020 and has a new up-and-coming star in RB Leipzig winger Dominik Szoboszlai. But in the country's football structures, cronyism is universal.
The third financial aid package for pandemic-crippled TUI has prompted opposition calls that the German travel giant also fulfil climate and job safeguards. Already built in, says Berlin, are bans on management bonuses.