About: debt

Economy & Jobs 25-05-2022

More voices join call for EU grants instead of loans for Ukraine

Experts are calling on the EU to give Ukraine short-term budgetary aid in the form of grants instead of loans, citing concern over the impact of massive debt on the country's economy.
Economy & Jobs 20-05-2022

Former economy minister: Ukraine needs grants, not loans

In an interview with EURACTIV, the former Ukrainian economy minister and current advisor to President Volodymyr Zelenskyy, Tymofiy Mylovanov welcomed EU help but called for the use of grants instead of loans since an over-indebted Ukraine would scare off private investors and make reconstruction more difficult.
Economy & Jobs 29-09-2021

Greece encourages SMEs mergers in Recovery Fund implementation

The Greek government will incentivise small and medium-sized enterprises (SMEs) that are hard-hit by the pandemic to merge to ensure financing from the Recovery Fund, Greek finance minister Christos Staikouras told EURACTIV Greece in an exclusive interview.
Economy & Jobs 17-06-2020

German finance minister defends borrowing for economic stimulus package

For once, Germany is not shying away from debt to overcome a crisis. With the second supplementary budget, the state's additional borrowing due to the coronavirus is raised to a total of €218.5 billion. But criticism is coming from the German Taxpayers' Federation. EURACTIV Germany reports.
Economy & Jobs 23-03-2020

Germany set to foot massive but ‘necessary’ coronavirus bill

Coronavirus will cost Germany several hundred billion euros, according to new figures from research centre the ifo institute released on Monday (23 March). Production losses and unemployment will hurt, so Berlin will have to dig deep into its pockets. EURACTIV Germany reports. 
Economy & Jobs 23-03-2020

Austria puts its economy on ice

Austria's economy has come to a standstill. To get companies through the dry spell, it is filling a crisis fund with €38 billion to keep them afloat until the economy restarts after the crisis. EURACTIV Germany reports.

EU’s Breton looking into ‘non-conventional’ measures to finance Green Deal

The EU's internal market commissioner, Thierry Breton, suggests tapping into the ECB's "easy money" and issuing long-term bonds of up to 50 years in order to unlock the €1,000 billion needed to finance the European Green Deal. EURACTIV France reports.
Economy & Jobs 11-06-2018

New Italian economy minister vows to stay in euro, cut debt level

Italy's new coalition government has no intention of leaving the euro and plans to focus on cutting debt levels, Economy Minister Giovanni Tria said on Sunday (10 June), looking to reassure nervous financial markets.
Economy & Jobs 09-03-2018

Commission levels up France on economic imbalances

The Commission highlights the progress of French competitiveness but also points out structural issues in the French economy. EURACTIV.fr reports.
Economy & Jobs 08-01-2018

Germany’s ‘debt clock’ counts down for very first time

A "debt clock" in Berlin, run by German tax lobbyists to shame the government into reining in spending, is falling for the first time in its 22-year history.
Euro & Finance 04-01-2017

Spain’s banks recover but toxic assets remain

Hit by a severe crisis several years ago, Spain's banking sector has recovered, but at a cost, as thousands are laid off and it struggles to get rid of toxic assets.
Brexit 23-11-2016

Brexit slams brakes on British growth

Brexit will cause Britain's economic growth to slow sharply and blow a hole in government finances that will require it to borrow an extra £122 billion [€143 billion] over five years, a gloomy budget update revealed today (23 November).

Portugal’s Left Bloc says budget talks smooth, sees deal

Portugal's budget negotiations between the minority Socialist government and its left-wing backers in parliament are heading towards a deal that would involve providing more income to pensioners, the leader of the Left Bloc said on Tuesday (13 September).
16-08-2016

Italy to seek new EU deal to keep economy on track

Italy is to seek a new deal with the European Union to allow it to kickstart its stalling economy with an expansionary 2017 budget, a government minister said on Saturday (13 June).
Euro & Finance 10-05-2016

Is the Eurogroup’s offer of a debt restructure really a victory for Tsipras?

Eurozone finance ministers yesterday (9 May) proposed to restructure the Greek debt, but with conditions that could cost Athens dearly. EURACTIV's partner La Tribune reports.
Euro & Finance 10-04-2015

Varoufakis steals the show at economic forum

Greek Finance Minister Yanis Varoufakis has called on the European Union to reform its institutions and use the EIB to boost investment in Greece. He believes the EU should address the structural inequalities that plague its weakest members. EURACTIV France reports
Euro & Finance 30-01-2015

Juncker rejects Greek debt write-off

With the uncertainty surrounding Greek debt preoccupying political leaders, the President of the European Commission has called on Athens to "respect Europe". EURACTIV France reports
Euro & Finance 26-01-2015

Italian finance minister eyes ‘bad bank’ to clean up risky loans

Italy is considering setting up a state-backed "bad bank" to help clean up its banking sector, Pier Carlo Padoan said in a newspaper interview on Sunday.
Euro & Finance 06-11-2014

Eurozone ponders whether Greece needs more debt relief

Eurozone states are reconsidering whether Greece needs the additional debt relief it has been seeking, because the country's economic reforms, and improved prospects, have changed the arithmetic, officials say.
Development Policy 17-01-2014

EU donors ‘profiting from aid budgets’ with high-interest loans

European donors have been accused of profiting from their aid budgets, as an increasing amount of their money for the world's poorest countries is being given as loans – which have to be paid back with interest.
Development Policy 05-11-2013

France to cancel more debt for the world’s poorest countries

Foreign debt cancellations are expected to reach new highs in France's 2014 development aid budget, with Somalia, Zimbabwe, Chad, Ivory Coast and Sudan in line for a complete deletion of their national debt.
Development Policy 20-08-2013

Norway’s audit of developing world debt could inspire EU

A new audit of the debt pile owed by developing countries to Norway, published last week, was the first of its kind anywhere in the world and should inspire other European countries to do the same, campaigners said.
Regional Policy 29-08-2012

Spain’s Catalonia to ask Madrid for €5 bn bailout

The Spanish autonomous region of Catalonia, which generates around one-fifth of Spain’s economic output, has said it will request a €5-billion emergency credit line from Madrid, heightening debt fears a week before the European Central Bank is to unveil its bond-buying plan.
Euro & Finance 14-08-2012

Italy’s public debt hits record

Italy's public debt hit an all-time high in June of almost €2 trillion and the annual budget deficit was also bigger than a year before, due largely to Italy's share of bailouts for other eurozone states, the central bank announced.