About: economic crisis
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.