About: economic crisis
The European Parliament’s greatest battle is upcoming
In the face of the ongoing crisis, European Parliament lawmakers must make it clear that negotiations for the EU’s long-term budget are starting at 2% of GDP and will not go below 1.5%, and that the EU budget for 2020 will be at least 2% of the Union's GDP, writes MEP Radan Kanev.
Ukraine opens up land market in bid for $8 bln IMF package
Ukrainian lawmakers voted on Tuesday (31 March) to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.
EU warns virus could expose firms to foreign buy outs
The head of the European Commission warned Wednesday (25 March) that the economic aftermath of the coronavirus could leave strategic private sector firms exposed to foreign takeovers.
Italy’s coronavirus deaths slow, offering glimmer of hope
The death toll from an outbreak of coronavirus in Italy was of 602 on Monday (23 March), the smallest increase for four days, while the number of new cases also slowed, raising hope that the most aggressive phase of the epidemic may be passing.
Eurogroup chief: EU living ‘war-like’ conditions, long struggle lies ahead
Eurogroup chief Mario Centeno warned on Monday (16 March) that under the coronavirus outbreak the European economy is experiencing the equivalent of a war, and that a long struggle lies ahead.
Coronavirus will send EU spiraling into recession in 2020: Breton
The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit.
Coronavirus: Macron announces drastic measures in France
France will close from Monday all nurseries, schools and universities to try to slow the spread of the coronavirus, President Emmanuel Macron said in a televised address on Thursday (12 March), calling the outbreak the nation's worst public health crisis in a century.
US shale under pressure to make ‘at least’ 25% price cuts
US shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry’s desperate efforts to cope with a market dive.
Italy death toll jumps past 1,000 as Milan bourse nosedives
Italy's death toll from the coronavirus epidemic shot past 1,000 on Thursday (12 March) as the economic impact worsened, with much of the country at a standstill and the Milan bourse posting its largest ever one-day fall.
So you think the banking crisis is over? Sorry to spoil your Christmas!
The stock market is flashing ever-stronger orange about the health of Europe’s banks. Yet the regulatory community tells us good news about its capital strength – despite unsustainably low profitability. Fingers crossed for a muddle through!
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.