About: economic crisis
There is no crisis, we expect growth in 2020, says Germany’s Altmaier
In an interview with EURACTIV Croatia, German Federal Economy Minister Peter Altmaier spoke about the forthcoming EU presidencies of Croatia and Germany, the controversial zero growth ('Schwarze Null'), and the cooperation with the Western Balkan states.
French business expansion slows amid sluggish eurozone
France's private sector is growing at a slower rate and has reached the lowest level in the past four months, according to forecasts published by IHS Markit on Monday (23 September). For the eurozone, business expansion fell to the lowest level since June 2013. EURACTIV's partner La Tribune reports.
Parliament poll: Public confidence in the EU is growing
A clear majority of EU citizens now believe that EU membership is good for their country, according to a survey of how they view the EU and its institutions, released on Wednesday (18 October).
HSBC economist: Europe’s south can live with a strong euro
HSBC Germany’s chief economist still sees a bright future for the euro and insists that the heavily-indebted countries of southern Europe should not be put off by the resurgent single currency, in an interview with EURACTIV’s partner WirtschaftsWoche.
Dublin’s man in Berlin: Confidence growing in Irish economy despite ‘Brexit challenges’
Ireland’s priority in the Brexit negotiations is to ensure 1998’s Good Friday Agreement is protected, as well as maintaining close as possible ties between the EU and the UK, explained Dublin’s ambassador to Germany.
Majority of Romanians and Croatians cannot afford a one-week holiday, Eurostat says
A significant number of EU citizens from Eastern and Southern Europe cannot afford a one-week annual holiday, according to a new Eurostat survey.
Central and Eastern Europe trapped in low wage spiral
Low wages have been harming Central European economies since the crisis. According to a recent study, salaries fell to below 30% of the German average while productivity grew steadily. EURACTIV’s partner La Tribune reports.
ECB hails 2016 as best post-crisis year
The European Central Bank judged yesterday (10 April) that it had a successful 2016, claiming in its annual report that it had nurtured economic recovery and that it was the eurozone’s most successful post-crisis year.
Croatia passes law to rescue debt-laden giant Agrokor
Croatia passed an emergency law yesterday (6 April) aimed at protecting the economy from big company failures as Agrokor, the country's largest private firm, seeks to resolve its debt crisis.
Monti: Germany and France caused the economic crisis
The economic crisis in the EU was caused by the two “most revered parents” of the euro, Germany and France, which in 2003 did not comply with the stability pact, Mario Monti said today (3 March).
Class Editori chief: The media forgot about the middle class
Italian newspapers have been struggling to keep up with new technologies during the country's eight-year recession, Executive Editor-in-Chief of Class Editori Gabriele Capolino, told Christophe Leclerc.
Juncker camp unimpressed by euro collapse forecast
The European Commission chief spokesperson used old quotes by his boss Jean-Claude Juncker to respond to a US politician close to President Donald Trump, who made dire predictions about the future of the EU and its common currency.
ECB unconvinced by inflation increase, monetary policy unchanged
European Central Bank (ECB) President Mario Draghi yesterday (19 January) announced the institution’s monetary policy would remain unchanged and asked for more patience as the economic recovery continues. EURACTIV Spain reports.
Rajoy outlines 2017 plan, hopes for minimal Brexit disruption
Spanish Prime Minister Mariano Rajoy has told the presidents of Spain's autonomous communities that improving the country's welfare state could be possible but will depend entirely on getting back to pre-economic crisis levels. EURACTIV Spain reports.
Crisis hits support for development aid
Support for development aid among French citizens was high in 2016, according to the French Development Agency (AFD). But it has still not recovered since the crisis hit in 2008. EURACTIV France reports.
Young Europeans continue to find it difficult to fly the nest
New statistics highlight how serious Europe’s economic malaise is still affecting young people, as significant numbers of 18-35 year-olds continue to live with their parents.
Europe’s ‘working poor’ and populism are on the rise
Driven by a labour market recovery, EU citizens’ opportunities for social participation have improved slightly for the first time since 2008. But not everyone is benefiting. A high risk of poverty persists in many countries, especially in southern Europe, warn Daniel Schraad-Tischler and Christof Schiller.
Migration expert: ‘Integration always happens’
French political philosopher Sami Naïr has proposed a "transit passport" for refugees and has warned that the EU stands at a juncture; one path leads to civilisation, the other towards "barbarism". EURACTIV Spain reports.
Socialists seal Rajoy’s defeat, Spain skids into political limbo
Spain's acting premier yesterday (31 August) lost a parliamentary confidence vote for a second term after he failed to win enough support from the opposition, bringing the country closer to a potential third election in a year.
Spain risks third election in one year, endangering eurozone
Spain's caretaker Prime Minister Mariano Rajoy yesterday (30 August) urged lawmakers to back him for a second term, arguing ahead of a confidence vote which he appears set to lose that the country "urgently" needs a government.
Renzi suffers vote setback as Five Star makes big breakthrough
Italian Prime Minister Matteo Renzi was trounced by the anti-establishment Five Star Movement in local elections in Rome and Turin on Sunday (19 June), clouding his chances of winning a do-or-die referendum in October.
Brexit or not, Europe’s voters are cooler on EU, survey reveals
Whether or not Britons vote this month to quit the European Union, fellow voters across the continent are increasingly sceptical of the benefits of staying in the bloc.
Timeline of a crisis: Europe’s economic strategy from 2008 to today
At the outset of the economic crisis in 2008, the EU mirrored the rescue packages seen in the US and elsewhere. In total, more than €1.6 trillion was used to save the banks and €200 billion to keep the European economies afloat.