Euro hits parity with USD for first time since 2002
Unsurprisingly, inflation continues to be the topic of the moment with figures announced Wednesday showing US prices rising 9.1% in June compared to a year ago, the highest rate in 40 years. Wednesday’s result was surprisingly higher than consensus estimates of 8.8%. Inflation continued to be led by large food and fuel price increases but […]
EU Commission formally declares Croatia is ready for the Euro
The Commission of the European Union declared over the weekend that Croatia has formally met all the convergence criteria required to adopt the Euro. This means that the country in the eyes of the Commission the country has: 1) Low inflation rates, 2) No excessive government deficit3) Existing currency pegged to the Euro for two […]
Which country will join the Euro next?
The Euro has come a long way since the first 11 countries joined the club on the 1st January 2001. The last new country to join was Lithuania who gave up the Litas at the start of 2015. All EU member states except Denmark are required to adopt the Euro as part of their membership […]