About: coronavirus economic response

Economy & Jobs 18-03-2021

EU’s Michel wants to involve regions more closely in recovery plans

European Council President Charles Michel wants to see regions more involved in the current European processes, particularly in the drafting of national recovery plans and the Conference on the Future of Europe. EURACTIV Germany reports.
Economy & Jobs 16-03-2021

Eurozone to forgo budget belt-tightening for now

Eurozone finance ministers said Monday (15 March) they would not tighten spending given the continuing pandemic in Europe, but warned that soaring debt levels would eventually have to be fixed.
Elections 17-02-2021

Italy’s new PM Draghi promises sweeping reforms, urges national unity

Prime Minister Mario Draghi called on Italians on Wednesday (17 February) to pull together to help rebuild the country following the coronavirus pandemic and promised his new government would introduce sweeping reforms to revitalise the battered economy. In his maiden...
Global Europe 15-02-2021

Biden to discuss pandemic, economy and China in Friday G7 meeting

President Joe Biden will hold his first event with other leaders from the Group of Seven nations on Friday (19 February) to discuss the coronavirus pandemic, the world economy and dealing with China, the White House said.
Coronavirus 27-01-2021

Serbia to spend €2.5 billion to aid recovery from coronavirus crisis

Serbia plans to spend about €2.5 billion in loans and subsidies to businesses and payments to pensioners and other citizens to help them cope with the economic impact of the coronavirus, President Aleksandar Vučić said on Tuesday (26 January).
Global Europe 25-01-2021

Biden to push for $1.9 trillion in COVID-19 relief

Officials in President Joe Biden’s administration tried to head off Republican concerns that his $1.9 trillion pandemic relief proposal was too expensive on a call with Republican and Democratic lawmakers.
Elections 20-01-2021

Italian PM Conte wins confidence vote but loses overall majority

Italian Prime Minister Giuseppe Conte survived a vote of confidence Tuesday (19 January) but failed to secure an overall majority in parliament, leaving his ruling coalition severely weakened as it battles the coronavirus pandemic.
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.