About: economic crisis Archives

The International Monetary Fund (IMF) said on Wednesday (15 April) it was ready to provide Georgia with increased funding of $450 million this year to help the ex-Soviet country in its fight against the coronavirus and support the economy.

The European Union could finance a recovery fund worth up to €1.5 trillion with bonds guaranteed by member states, European Commission Vice President Valdis Dombrovskis told German newspaper Handelsblatt.

This crisis is also teaching us logistical lessons, and particularly the need to produce things at home or closer to home. Eastern Europe remains competent and cheaper, and can make the difference in the EU supply chain, writes Radu Magdin.

The coronavirus outbreak will dominate the agenda of the European Union when Germany takes over the rotating presidency of the Council of the EU in the second half of this year, German Foreign Minister Heiko Maas wrote in an opinion …

World powers scrambled on Thursday (9 April) to build a global response to the human tragedy and once-in-a-century economic collapse caused by the coronavirus epidemic, as the worldwide death toll topped 90,000.

The economic crisis caused by the coronavirus is also threatening the aviation industry. While Boeing's production of commercial aircraft is virtually at a standstill, Airbus intends to downsize production. EURACTIV's partner La Tribune reports.

EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.

European leaders battling a deadly coronavirus outbreak are facing the "biggest test" to their union, Germany's leader said Monday (6 April), as the United States braced for what authorities warned would be its hardest week in living memory.

More than 400 founders and leaders of Belgian start-ups have launched a call on the country's federal and regional governments to support startups and scaleups with additional government aid to avoid their decline during and after the coronavirus pandemic.

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.

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.

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.

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 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.

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.

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 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'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.

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!

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.

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.

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 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.

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.