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Wolfgang Schäuble, who has died aged 81, was once described in this newspaper as the “big bad wolf of the eurozone”, but as the ultra-hawkish German finance minister under Angela Merkel he earned huge respect, and made a few enemies, by helping to steer the currency union through the debt crisis that followed the global financial crash of 2008. ....
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The Cooperation and Verification Mechanism (CVM) of the European Commission proved an obstacle not only for Bulgaria's membership in Schengen but the euro area, too. The July Eurogroup discussed Bulgaria's application for membership in the common currency and changed for the first time its . ....
On 15 September, it will be 10 years since the crash of Lehman Brothers which marked the beginning of the severest global financial crisis since the Great Depression, which had the potential to ruin the euro area and hence the EU. In the past decade the world has radically changed. The financial . ....