About: coronavirus economic response

Economy & Jobs 14-01-2021

Green MEP accuses Germany of ‘setting a bad example’ in its recovery plan

The draft of Germany's recovery plan promises that 80% of the EU recovery funds will go to climate protection and digitalisation, well above the EU's requirements. However, Green MEP Sven Giegold has complained that only a quarter will go to future investments and most of the money is earmarked for old projects.  EURACTIV Germany reports.
Economy & Jobs 14-01-2021

German economy braces for second wave impact

Official data Thursday (14 January) are expected to show that the German economy weathered the pandemic better than many nations last year, partly thanks to its resilient manufacturers, but a virus resurgence is fuelling concern for 2021.
Elections 12-01-2021

Conte faces showdown with aggrieved coalition party

Prime Minister Giuseppe Conte faced a cabinet showdown on Tuesday (12 January) with a small coalition partner that could bring down his government and unleash political chaos on Italy as it struggles to contain the COVID-19 pandemic.
Elections 08-01-2021

Italy to spend 222 billion euros of EU funds to revive economy

Italy plans to spend more than €222 billion from various European Union funds to revive its coronavirus-battered economy, a draft government document seen by Reuters showed on Thursday (7 January).
Non-discrimination 09-12-2020

Germany’s virus stimulus disproportionately benefits men, study warns

The German government's coronavirus stimulus package from July benefits men more than women, according to a recent study by the University of Kassel. EURACTIV Germany reports.
Economy & Jobs 07-12-2020

Cracks showing in Polish ruling coalition over EU budget veto

Poland's ruling coalition appeared to be descending into open conflict on Sunday (6 December), the eve of a make-or-break week for the European Union's €1.8 trillion 2021-2027 budget and coronavirus recovery fund.
Economy & Jobs 02-12-2020

Surviving the pandemic: Lessons from Germany’s mid-sized enterprises

In Germany's industrial heartland, engineering firms have come up with a recipe for surviving the coronavirus pandemic.
Economy & Jobs 01-12-2020

Eurozone agrees to reform eurozone bailout fund

European finance ministers agreed on Monday (30 November) to crucial reforms of the eurozone's bailout fund, which had been put aside for a year amid reluctance from Italy and the coronavirus crisis.
Economy & Jobs 26-11-2020

Hungarian, Polish PMs to discuss EU budget veto

Hungarian Prime Minister Viktor Orbán will hold talks with his Polish counterpart in Budapest Thursday (26 November) on their recent EU budget veto, as Orbán suggested a possible solution to the row.
Economy & Jobs 18-11-2020

Can EU save recovery plan from Hungarian-Polish blockade?

EU nations are again at loggerheads over their seven-year budget and coronavirus recovery plan, as Hungary and Poland attempt to block provisions tying payouts to upholding the rule of law.

Hungary’s Orban threatens EU budget veto over rule-of-law

Hungarian Prime Minister Viktor Orbán has threatened to veto an EU accord linking the bloc's long-term budget to a mechanism requiring countries to uphold Europe's democracy rules, according to an EU source on Sunday (8 November).
Economy & Jobs 29-10-2020

ECB to pave way for more stimulus as recession fears grow

The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday (29 October) but it will likely pave the way for action in December as fresh restrictions aimed at containing the coronavirus pandemic fuel fears over a new recession.
Economy & Jobs 22-10-2020

Over half Europe’s small firms fear for survival, survey finds

Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey on Thursday (22 October).
Politics 22-10-2020

Coronavirus second wave prompts virtual EU summit

European Union leaders will hold a video-conference next week to discuss how to better cooperate against the COVID-19 pandemic as infections rise, European Council President Charles Michel said on Wednesday (21 October).
Economy & Jobs 13-10-2020

Lagarde warns against virus support ‘cliff edge’

European Central Bank president Christine Lagarde warned governments on Monday (12 October) against pulling pandemic support schemes too quickly as eurozone economies struggle to recover from the coronavirus crisis.
Economy & Jobs 24-09-2020

UK unveils new German-style job subsidy scheme

Boris Johnson’s government unveiled on Thursday (24 September) a massive new financial support package for businesses and employees, modelled on Germany’s ‘Kurzarbeit’ scheme, as the UK economy braces for six months of hardship from the second wave of the COVID-19 pandemic.
Future EU 22-09-2020

Orbán’s attempt at blackmail

Hungarian Prime Minister Viktor Orbán is blackmailing the rest of the European Union, but MEPs and EU leaders must call his bluff to hold up the COVID-19 recovery fund if rule of law criteria are included. This may be the EU's last chance to crack down on his rogue regime. writes Csaba Molnár.

Commission must issue green bonds to finance the green recovery

The European Commission has a unique opportunity to issue green bonds to finance the EU's coronavirus recovery plan and ensure overall investment coherence with the Green Deal, write Pascal Canfin and Bas Eickhout.

Gas and nuclear industries fight to the end for ‘green’ EU investment label

The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could deprive them of billions of dollars of funding.
Politics 24-08-2020

Can the EU avoid further clashes with the German Constitutional Court?

The row between the European Court of Justice and Germany’s Constitutional Court calls for a solution to be found to solve future clashes. José Luís da Cruz Vilaça proposes setting up an alert mechanism, similar to the one available to national parliaments.  
Future EU 20-08-2020

Behind medieval walls, Macron and Merkel to chart Europe’s course

Germany's Angela Merkel and France's Emmanuel Macron meet on Thursday (20 August) in a medieval island fortress in the Mediterranean to chart the next steps for a partnership that is the driving force behind the European Union.
Economy & Jobs 18-08-2020

Draghi: Only ‘good’ debt can save Europe’s economy

Former European Central Bank chief, Mario Draghi, called on European governments on Tuesday (18 August) to ensure the colossal amounts of debt countries are running up in the wake of the coronavirus pandemic are invested in upgrading their economies.
Economy & Jobs 10-08-2020

Italy seeks €28.5 billion in EU’s SURE unemployment aid

Italy has asked the European Union to tap its SURE unemployment scheme for €28.5 billion after extending furlough support to help the economy withstand the hit from the COVID-19 crisis.
Economy & Jobs 07-07-2020

Europe’s need for an investment plan sustaining its future

The EU should to co-finance independent investments with equity in growth enterprises by guaranteeing public funding as pooled at EU level, write Christian Motzfeldt, Erika Mann and William Stevens.
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