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Tag Archives: Euro

The Eurozone Council: are we a step closer to a European Government?

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When in 1992 the decision to provide Europe with the single currency was adopted, voices were raised claiming that it may be difficult to have a monetary union without a political union. This is considered to be particularly the case on occasion of “asymmetric shocks” which may hit weaker “peripheral economies” in a monetary union, […]

No more dollars, Tehran set to use Euros as main foreign exchange currency

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Euro Sign ecb

European News, source: asianews.it Announced in the past, the decision to switch is now official, following a decree signed by President Ahmadinejad. It will be particularly important for oil sales. With four million barrels a day, Iran is the world’s fourth largest “black gold” producer. Tehran (AsiaNews) – Iran, the fourth largest oil producer in […]

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