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EU leaders endorse Croatia's switch to euro currency
11 days ago - By Stl Today
European Union leaders have agreed that Croatia will join the group of countries using the euro currency next year. The move approved at a summit Friday will bring to 20 the number of countries using the euro. Following talks with...
Read more ...EU leaders endorse Croatia's switch to euro currency
11 days ago - By Chron
BRUSSELS - European Union leaders agreed Friday that Croatia will join the group of countries using the euro, bringing the number of nations sharing the currency to 20 starting in January.
“The euro is the monetary expression of our shared destiny and has been part of our European dream," said EU Council President Charles Michel, who chaired a summit of bloc leaders in Brussels. “Now, the dream comes true for Croatia."
Following talks with EU lawmakers and the European Central Bank, the process will conclude with the expected adoption in July of three legal acts that will enable the switch.
Read more ...Ukrainians cheer nation's EU candidacy amid wartime woes
11 days ago - By Chron
KYIV, Ukraine - The European Union's decision to make Ukraine a candidate for EU membership offered war-weary Ukrainians a morale boost and hope of a more secure future Friday as the country's military ordered its fighters to retreat from a key city in the eastern Donbas region.
Ukrainian President Volodymyr Zelenskyy hailed the decision of EU leaders as vindication for his nation's fight against Russia's aggression and said he was determined to ensure Ukraine retained the ability to decide if belonged in Europe or under Moscow's influence.
“This war began just when Ukraine declared its...
Read more ...EU leaders tackle inflation, energy shocks from Russia's war
11 days ago - By Stl Today
European Union leaders are discussing their response to the severe economic turbulence looming over the coming months as the full impact of Russia's war sinks in and the threat of recession rises. The EU's 27 leaders gathered in Brussels on...
Read more ...EU leaders tackle inflation, energy shocks from Russia's war
11 days ago - By Chron
BRUSSELS - A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia's war sinks in and the threat of recession rises.
The EU's 27 leaders gathered in Brussels to grapple with surging inflation, energy shocks, dwindling business and consumer confidence, and growing budget pressures.
The leaders also will have to contend with higher borrowing costs as the European Central Bank prepares to raise interest rates for the first time in 11...
Read more ...
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