Discover how currency unions impact global economies, their historical development, and the critiques they face. Learn about the largest unions like the Eurozone.

SOFIA, Bulgaria (AP) — Bulgaria is close to realizing its decades-old goal of joining the euro currency union and deepening ties with the more prosperous countries of Western Europe. But the ...

SOFIA, Bulgaria (AP) — Bulgarians began withdrawing euros for the first time on Thursday after the former communist nation joined the euro currency union as its 21st member. Cash machines in the ...

FRANKFURT, Germany — European Union officials gave the green light Wednesday for Bulgaria to become the 21st member of the euro currency union,, a key EU project aimed at deepening the ties between ...

As we watch our economy collapse under the weight of doubt, debt, and deficit, it is well to recall that where financial troubles exist, so do rumors. For some five years, some conspiracy minded ...

The agonizing process of agreeing a bailout in Cyprus has set troubling precedents for creditors, laid bare fractures within the European currency union and reminded investors of the ad hoc, ...

Eurozone industrial output fell for a third-straight month in June, a signifier of how difficult the downturn in the sector will be to shake off. Industrial activity in the currency union ticked down ...

All 20 EU member states that have adopted the euro as their currency form one part of the European Union; non-EU countries ...

ASTANA (Reuters) - Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia's main partners in a union of ex-Soviet states facing ...

I study efficiency and optimal monetary policy in a two-country monetary union with frictional labor markets. With heterogeneity in labor market frictions, the constrained efficient allocation ...

LONDON (Reuters) - Bank of England Governor Mark Carney said a currency union between an independent Scotland and the remainder of the United Kingdom would be incompatible with sovereignty, dealing a ...