In Eastern Europe, a Switch to the Euro Comes Slowly
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Across much of the region this year, target dates for euro adoption are being pushed back to 2009 or beyond with regularity.
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Greenback weakness sends Euro to a new record and across a psychologically significant barrier.
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Bulgarians are impatient for results from their EU membership, five months after joining, Nick Thorpe reports.
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The Hungarian economy showed signs on Friday of sharp slowing in response to austerity measures to prepare for entry into the eurozone.
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The euro traded above $1.40 for the first time since the common European currency was introduced. The dollar also sank to one-to-one parity with the Canadian dollar.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon &#151; and that means it will likely keep eating into European exports, growth and jobs through next year.
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Europeans, many of whom worked themselves up about the swooning dollar and the stampeding euro last year, suddenly seem to have mellowed, as the dollar has rebounded in recent weeks.
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Amid U.S. market volatility, some analysts say the European Central Bankâs focus on inflation may be misplaced.
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An outright credit squeeze has not arrived in Europe, but some bankers there are finding it trickier to navigate the global credit crisis.
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The dollar is down, and a lot of the developed world is worried that this could mean the end of economic recoveries. In Europe, where the euro is routinely said to be setting new record highs, governments
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon - and that means it will likely keep eating into European exports, growth and ...
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Translation costs at the European Union are set to pass a billion dollars a year as the economic bloc struggles to accommodate 10 new members after its expansion into Eastern Europe and the Baltics, officials said.
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If it wasn't for the sharp drop of  Romania's currency in September on the back of world financial  troubles, Bogdan Voinea would be driving a new car now.
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With the rise of the euro fast becoming a threat to economic recovery in the 12-country eurozone, calls are growing for the European Central Bank to clip the single currency's wings, either by direct intervention or a cut in interest rates.
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The economies of central Europe face difficult times in coming years owing to a slowdown in the pace of reforms and a labour shortage, a senior OECD official said.
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Embattled Prime Minister Ferenc Gyurcsany, who faced off rioters last year demanding his resignation, is once again feeling the heat, this time on the economic front with growth at its slowest pace in over a decade.
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The euro EUR= made a renewed attempt  to test the key psychological level of $1.30 on Tuesday, but  lacked fundamental impetus and eased back after data showed a  dollar-friendly improvement in U.S. net capital inflows.