Germans love their cash and many were not happy when the European Central Bank decided to stop issuing the €500 note. As the rest of the Eurozone says goodbye, Germany is delaying its final farewell until April.

Luxembourg Finance Minister Pierre Gramegna discusses the goals of the AIIB meeting, growth in the Eurozone, the global manufacturing cycle, the next IMF chief and Fed policy. He speaks on “Bloomberg Daybreak: Europe” on the sidelines of the AIIB annual meeting in Luxembourg.

The COVID-19 shock to the global economy is forcing the European Central Bank to open its monetary spigots further. But unlike in previous crises, the ECB is short of ammunition as it faces a looming recession.

The coronavirus pandemic caused the largest GDP drop ever recorded for the 19 EU countries using the euro as currency, according to estimates. The eurozone economy has shrunk by over 12%, with Spain bearing the brunt.

French President Emmanuel Macron is pushing to water down the eurozone's budget criteria. But some economists don't think that's a good idea.

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. Once again, soaring energy prices played a major role, rising a painful 28.6%.

Inflation in the eurozone has hit another record high, as the war in Ukraine stokes energy and food prices. Prices had already been increasing because of supply chain problems in the wake of the coronavirus pandemic.

The European Commission says Croatia has met all the conditions to adopt the euro common currency starting in 2023. The planned switch will come less than a decade after the Balkan country joined the EU.

Inflation is running at its highest levels ever among the 19 countries using the euro, according to numbers published by Eurostat. Energy prices, which went up almost 40% in July, have contributed to the record hike.

Inflation in the eurozone reached 10% in September, the highest it has ever been in the history of the common European currency.

The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon.

The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic.