ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
(L-R) European Commission President Jean-Claude Juncker, Turkish PM Ahmet Davutoglu, President of the European Council Donald Tusk, European Parliament President Martin Schulz speaking ahead of the EU-Turkey summit, Brussels, 7 March 2016. EPA/BGNES
European Union leaders extended their emergency summit on migration crisis in Brussels to Monday evening to discuss details of a new plan proposed by Turkey to stop a migrant wave, Reuters reported.
An EU official has told the newswire that the EU leaders needed “some clarifications” about the Turkish proposal and would ”work on it intensively in the coming days”.
Turkish Prime Minister Ahmet Davutoglu is said to have asked for an additional EUR 3 B from the European Union to help Ankarastem the flow of migrants and refugees from its shores across the Aegean Sea to Europe. Turkey has also requested to bring forward visa-free travel for its citizens to the EU to June from end-2016 as planned earlier, and speed up the country's EU accession talks.
EU leaders were divided in their opinions about Turkey’s proposals.
"Several countries really like the idea but cannot accept a deal tonight because of the very short preparation time. They will welcome the higher ambition but they can't nail down all the points today," the EU official has told Reuters.
Recent data from the Tax Foundation reveal a widening gap in Europe between East and West when it comes to tax rates for top earners in 2026.
The eurozone closed 2025 with a strong trade surplus, though slightly lower than the previous year. Preliminary figures from Eurostat show that in December 2025,
German Chancellor Friedrich Merz used his opening address at the Munich Security Conference to deliver one of the bleakest assessments yet of the global environment, declaring that the international order that shaped the postwar era has effectively collap
Romania aims to join the eurozone within three to four years, but recent economic data show the country has slipped into a technical recession.
The European Parliament has approved a €90 billion support package for Ukraine, aimed at addressing the country’s urgent financial and defense needs as Russia’s war of aggression enters its fifth year
Hungarian Prime Minister Viktor Orban has claimed that both the European Union and Ukraine have effectively “declared war” on Hungary following a Politico article outlining plans for Ukraine’s potential early accession to the EU and strategies to bypass H
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