About: economic crisis
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Europe’s lost opportunities in Latin America?
Right now, all eyes are on Europe: the ongoing war in Ukraine and the resulting global political and economic difficulties dominate the geopolitical realm. Unsurprisingly, the European Union’s (EU) current focus lies on the war next door. While the resulting...
Biden urges G7 to stay together as leaders target Russian gold, oil price
US President Joe Biden told allies “We have to stay together" against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy.
Sanctions-savaged Russia teeters on brink of historic default
The economic cost of Russia's assault on Ukraine was fully exposed on Wednesday (16 March) as Vladimir Putin's sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution.
Russia adopts list of ‘enemy’ countries to which it will pay its debts in rubles
Russia adopted a list of “enemy countries” in which the whole of the EU is included. The first announced sanctions against the “enemy countries” were that Russian counterparts would settle their debts with them only in rubles.
Ukraine war raises spectre of Russia’s first external debt default
With much of Moscow's $640 billion reserves under lock and key in the West and sanctions crippling cross-border capital flows, investors fear Russia may be heading for its first ever default on sovereign hard currency debt.
Tunisia president sacks defence minister amid political turmoil
Tunisian President Kais Saied sacked the defence minister Monday (26 July), a day after ousting the prime minister and suspending parliament, plunging the young democracy into constitutional crisis in the midst of a pandemic.
EU calls on Lebanon to form government quickly
The European Union on Monday (26 July) urged Lebanon's political elite to form a government without delay, following the nomination of Lebanese businessman Najib Mikati to be designated as prime minister.
Tunisian democracy in crisis after president ousts government
Tunisia faced its biggest crisis in a decade of democracy after President Kais Saied ousted the government and froze the activities of parliament, a move his foes labelled a coup that should be opposed on the street.
UK risks higher inequality that any EU country except Bulgaria: Think-tank
Britain faces a decade of major public policy challenges that could reduce economic performance to nearer that of struggling Italy, and increase inequality to the level of Bulgaria, Europe's powerhouse, a think-tank said on Tuesday (18 May).
EU recovery plan has helped boost consumer, industry confidence
The coronavirus pandemic has instigated fears of economic uncertainty among various economic actors, including among consumers, distributors, and industry. However, the latest Eurostat figures show that confidence among economic actors is more or less holding up despite the health crisis.
Towards a ‘new normal’: What challenges for EU’s post-crisis Cohesion policy?
What effect will the COVID-19 pandemic have had on cohesion within the EU and what lessons can be learned from the crisis to strengthen the bloc in the future? These are some of the questions addressed in the European Policy Centre's report published on Thursday (18 February), a year after the start of the pandemic. EURACTIV France reports.
Bulgarian doctors exhausted as COVID deaths hit EU record
With coronavirus death rates surging to record levels in Bulgaria, doctors and nurses in a health service already weakened by decades of emigration to the West say they are exhausted.
Pandemic Motors: Europeans snap up old cars to avoid public transport
Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need.
EU’s regions and local authorities brace for difficult times ahead – survey
Regional governments across the EU are bracing for difficult times ahead as they lack technical means and have scarce financial resources, according to a joint survey conducted by the European Committee of the Regions and the Organisation for Economic Cooperation and Development. EURACTIV France reports.
Job market integration: pandemic puts disadvantaged at greater risk
The COVID-19 health crisis makes it even more difficult for disadvantaged people, who already have a hard time in normal times, to be integrated into the labour market. Could a paradigm shift be the solution? EURACTIV France reports.
Back me or put IMF loans at risk, Ukraine’s president warns
Ukrainian President Volodymyr Zelenskiy warned on Monday (2 November) that foreign aid loans and a visa-free deal with the European Union were under threat if parliament did not restore anti-corruption reforms, saying the country could slide into "bloody chaos".
A new start for healthcare systems
The COVID-19 crisis has put the resilience and agility of European health systems to the test in an unprecedented way, and has reminded us about the crucial importance of health and wellbeing for our societies. Nathalie Moll is the Director...
ECB committed to stimulus with outlook ‘highly uncertain’, chief economist says
The European Central Bank is committed to supporting the euro zone's economy amid the coronavirus pandemic, using its massive bond purchases as its main tool, chief economist Philip Lane said on Tuesday (4 August).
Worker participation in management can be stabilising factor, expert argues
Worker participation in the management can be a stabilisation factor in times of crisis, according to a recent study conducted by the Institute for Codetermination and Corporate Governance. EURACTIV has interviewed the co-author and political adviser on the matter, Sebastian Campagna.
How to solve the crisis? Strengthen workers’ voices.
In a matter of a few weeks, the political challenges facing Europe have changed dramatically, with the unfolding health and economic crisis. In the previous economic turmoil, our collective response was to weaken the rights of the worker. This time it must be different, argue Danish MEPs Marianne Vind, Nikolaj Villumsen and Kira Marie Peter-Hansen.
Italy pledged aid to 2.3 million workers. Just 29,000 have got it
Looking to save lives and stop the coronavirus by shutting down the nation, the Italian government told workers in March: you stay home and we will pay most of your lost wages.
Ukrainian businessmen demand easing of lockdown and government support
Several hundred businessmen, many of them wearing protective face masks, called for an easing of Ukraine's coronavirus lockdown in a protest near the government building on Wednesday (29 April).
Fitch cuts virus-hit Italy’s credit rating to just above junk
Rating agency Fitch cut Italy's credit rating to "BBB-minus" on Tuesday (28 April), just one notch above junk, saying the downgrade reflects the impact of the coronavirus pandemic on the euro zone's third largest economy.