Croatia switches to euro, enters borderless Europe club

Croatia on Sunday switched to the euro and entered Europe’s passport-free zone — two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300…

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(AP Photo/Thanassis Stavrakis, File)

Inflation hits record 10% in 19 EU countries using euro

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of…

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INA FASSBENDER / AFP

What’s next for the euro after slump against dollar?

The euro’s plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in…

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REUTERS/Eric Gaillard

Euro drops to 20-year low, approaches parity with dollar

NEW YORK, July 11 (Reuters) – The euro slid to a 20–year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will…

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The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach

Euro slumps to two-decade low as recession fears bite

LONDON, July 5 (Reuters) – The euro slumped to a two–decade low on Tuesday as the latest surge in European gas prices added to the region’s recession worries and a rebound in U.S. Treasury yields sent the dollar on another…

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