About: economic crisis

Economy & Jobs 22-03-2021

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.
Economy & Jobs 19-02-2021

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.
Coronavirus 01-12-2020

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.
Transport 30-11-2020

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.
Economy & Jobs 23-11-2020

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.
Economy & Jobs 03-11-2020

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.
Europe's East 03-11-2020

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".
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Health 08-09-2020

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...
Economy & Jobs 04-08-2020

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).
Economy & Jobs 02-06-2020

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. 
Economy & Jobs 01-05-2020

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.
Economy & Jobs 30-04-2020

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.
Europe's East 30-04-2020

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).
Economy & Jobs 29-04-2020

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.
Agrifood 29-04-2020

From Prosecco to Chianti, coronavirus sours Italy’s wine sales

With Italy's restaurants and bars closed for another month and global trade snuffed out by the coronavirus, the world's top wine producing country is experiencing an existential crisis.
Economy & Jobs 23-04-2020

Germany agrees to more cash to shield workers, companies from coronavirus hit

Germany's coalition parties on Thursday (23 April) agreed to further measures worth some €10 billion to shield workers and companies from the impact of the coronavirus pandemic.
Economy & Jobs 23-04-2020

ECB says could accept ‘junk’ bonds as collateral for loans

European Central Bank governors agreed Wednesday (22 April) that banks could put up so-called "junk" bonds as collateral when borrowing from the Frankfurt institution, in case eurozone governments and firms see their credit ratings downgraded as they grapple with the coronavirus pandemic.
Economy & Jobs 21-04-2020

Merkel open to bigger EU budget, bonds to finance post-crisis recovery

German Chancellor Angela Merkel signalled readiness on Monday (20 April) to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via the European Commission.
Economy & Jobs 20-04-2020

Conte doubles down on demand for coronabonds

The "full firepower" of the European Union will be needed to overcome the historic shock of the coronavirus crisis, Italian Prime Minister Giuseppe Conte told German media Sunday (19 April), repeating calls to pool European debt.
Economy & Jobs 20-04-2020

McKinsey predicts near doubling of unemployment in Europe

Unemployment in Europe could nearly double in the coming months, with up to 59 million jobs at risk from permanent cutbacks as well as reductions in pay and hours because of the coronavirus pandemic, estimates from consultancy McKinsey said.
Economy & Jobs 17-04-2020

Finland’s Finance Ministry says economy could shrink up to 12% in 2020

Finland's Finance Ministry forecast the economy on Thursday (16 April) to contract by at least 5.5% in 2020, and said it could shrink by as much as 12% if restrictions related to the coronavirus were to last for six months.
Economy & Jobs 17-04-2020

EU aims to bar ‘predatory’ takeovers of weakened firms

EU trade ministers vowed on Thursday (16 April) to protect strategic European companies weakened by the virus-triggered downturn from "predatory" takeovers.
Global Europe 17-04-2020

G7 to coordinate economic reopening plans amid outbreak

G7 leaders on Thursday (16 April) pledged to work together to "safely" put people back to work as the coronavirus crisis drags on in a bid to revive the slumping global economy, the White House said.
Central Asia 16-04-2020

Kazakhstan provides humanitarian aid to Kyrgyzstan, Tajikistan

In the context of the Covid-19 crisis, Kazakhstan has offered humanitarian aid to its Central Asian neighbours Kyrgyzstan and Tajikistan, answering a request by Bishkek and Dushanbe.