­­­Bloomberg Croatia and Bulgaria may join the euro area in January 2024, European Commissioner Valdis Dombrovskis said. The two European Union nations were admitted into the currency’s waiting room, known as the ERM-2, last week and must spend at least two years there working to fulfill the Maastricht criteria. They may be ready in 2023, but “the tradition is that ...

Bloomberg As European Union leaders haggle over their critical coronavirus recovery plan, they have an escalating problem in the east they can seemingly do little about. Poland’s presidential election at the weekend laid bare how divided the country is over its relationship with Brussels, with nationalist incumbent Andrzej Duda winning by 51% to 49% against a pro-EU opponent. While it ...

Bloomberg The UK economy expanded much slower than expected in May, underscoring the struggle to recover from the depth of the coronavirus slump. The expansion of 1.8% fell short of the 5.5% pace expected and still leaves the economy almost 20% smaller in the latest three months. While activity has since picked up as lockdown restrictions eased, the UK, along ...