The European Commission's fresh budget proposal is set to increase the overall financing available for external action but it will rely more on financial engineering, with guarantees and 'multiplier effects', than on traditional funding via the EU long-term budget.
A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union's single market, the bloc's executive said on Monday (1 June).
Austria opposes Europe's current €750 billion plan to help economies recover from the coronavirus pandemic and wants to negotiate changes to the proposal, the country's finance minister said on Saturday (30 May).
When the Spanish government put the country on lockdown in March to contain the spread of the coronavirus, tourism in the Canary Islands quickly dropped to zero. But the Atlantic archipelago hopes to rebound soon.
Cities have been hit the hardest by the corona pandemic. Dario Nardella, the mayor of Florence, declares a state of social and economic emergency for his city and many others across Europe. And he argues that cities are key for a sustainable recovery in Europe.
Four friends sat around a table in Madrid’s central La Latina neighbourhood and enjoyed a round of beers in the late Monday morning sun, a toast to rediscovered freedoms. A year ago, it would have seemed like a perfectly ordinary spring day, but for most Madrid residents today, it was almost a landmark event.
When the EU re-emerges from this crisis, what will it look like? Will it be stronger and more adept at responding to future crises like climate change? Or will it be weaker, unable to address the concerns of Europeans and in danger of breaking apart? A lot depends on what happens this Wednesday, writes a group of authors from the Jacques Delors Institute.
In the two months since mid-March, the European Union has seen a change of course that was unthinkable at the start of the year. Entrenched taboos are falling away, and things that had been awaited for more than 20 years are happening within days and weeks. We must not waste this historic moment, writes Luca Jahier.
President Emmanuel Macron and Chancellor Angela Merkel have jump-started the Franco-German "motor" at the heart of Europe by jointly pitching a hugely ambitious economic recovery plan, even if it faces a bumpy road ahead.
The European Union's competition chief Margrethe Vestager has expressed concern about the "huge differences" in coronavirus state aid among member states, saying they were starting to distort the bloc's single market.
Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the COVID-19 pandemic, even if they help industries that rebound quickly.
Governments have a choice: stimulate fossil fuel industries or invest in a more resilient recovery, powered by renewable energy. This is a once in a generation chance, write Achim Steiner and Francesco La Camera.
The European Parliament will demand a €2 trillion recovery package to counter the economic fallout of the COVID-19 crisis in a resolution to be voted on Thursday (14 May) by the assembly's five biggest political groups.
Germany must help its European Union neighbours revive their economies after the coronavirus crisis, Chancellor Angela Merkel told a meeting of lawmakers from her conservative bloc on Tuesday (12 May), according to several participants.
Italy's government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid bonds, and aims to access the European Recovery Fund in the second half of the year, Economy Minister Roberto Gualtieri said on Sunday (10 May).
In the wake of the coronavirus pandemic there is a temptation to revert to nationalism and close borders. But working together and eschewing damaging short-term measures is the best response to the crisis, writes Henning vom Stein.
The European Commission on Thursday (7 May) proposed scrapping the usual conditions for countries using the eurozone's bailout fund as they try to revive their economies hit by the coronavirus epidemic.
The proposal may make the fund more palatable for Italy, …
Protecting the EU's single market and Recovery Fund capable of delivering massive investment and promoting convergence are among the measures needed to ensure that EU countries recover from the coronavirus pandemic together, writes Elisa Ferreira.
Joe Biden’s advantage over President Donald Trump in popular support has eroded in recent weeks as the presumptive Democratic presidential nominee struggles for visibility with voters during the coronavirus pandemic, according to a Reuters/Ipsos poll released on Tuesday (5 May).
Germany's top court will rule Tuesday (5 May) on mass bond-buying by the European Central Bank, a tool the Frankfurt institution has deployed like never before to cushion the impact of the coronavirus.
Even if the money for an ambitious post-COVID-19 EU recovery plan was on the table, the political elites in Eastern Europe lack the competence and the imagination to create sustainable prosperity, writes Radan Kanev.
Governments need billions, if not trillions, of euros to tackle the impact of the coronavirus crisis. Many poor countries lack that money, and they need support in collecting more tax, and do so fairly, write Chiara Putaturo and Lis Cunha.
The European Central Bank could reiterate Thursday (30 April) its power to do more still to cushion the eurozone economy from the impact of the novel coronavirus, analysts said, while maintaining pressure on governments to agree a joint response.