Twenty-five years after the launch of the euro, the European Union faces a serious predicament, with the two largest ...

The European Central Bank's payment system experienced a seven-hour breakdown, disrupting trillions of euros in transactions. The issue was attributed to a hardware defect, not foul play. This ...

By Tom Sims, Francesco Canepa and John O'Donnell FRANKFURT (Reuters) -Banks struggled to process payments on Friday after an ...