Economy / Public Finances

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One Step Away From the Euro.

One Step Away From the Euro.

Bulgaria, along with Croatia, was accepted as a member of the ERM II exchange rate mechanism and the banking union, but the news remained in the background

The Great Debt Cleanup

The Great Debt Cleanup

With more than $7.5 trillion owed to external creditors, emerging economies’ debt-service costs are becoming increasingly onerous just when they need as much

The Euro Turns 20

The Euro Turns 20

Twenty years ago this month, the euro was born. For ordinary citizens, little changed until cash euros were introduced in 2002