About: Economy

Economy & Jobs 09-06-2020

Mario Centeno quits Eurogroup post, Portuguese government

Portuguese Finance Minister Mário Centeno, the Eurogroup's president, has resigned from government, following a period of less than idyllic relations with Prime Minister António Costa, and will be replaced by state secretary for budget João Leão.
Economy & Jobs 09-06-2020

Costa e Silva: Portugal’s surprising choice for new economic masterplan

The controversial appointment of the largely unknown Costa e Silva as the man who should draft Portugal's economic plan for the next decade has become a key talking point in the country.
Economy & Jobs 09-06-2020

Madeira: Portuguese archipelago invests in development of safe destination brand

The Portuguese islands of Madeira and Porto Santo will reopen to tourism on 1 July. After almost four months without revenue from one of its economic engines, the Atlantic archipelago's regional government seems optimistic about the reopening, but experts caution that it might still be necessary to rethink the future of tourism.
Brexit 29-05-2020

The Brexit stalemate explained

Nearly four years after the UK voted to leave the European Union, we are back to a familiar conundrum: deal or no deal. Except that this time we are talking about the trade agreement that will govern future EU-UK relations....
Economy & Jobs 26-05-2020

How the EU can emerge from coronavirus stronger – and greener

When the EU re-emerges from this crisis, what will it look like? Will it be stronger and more adept at responding to future crises like climate change? Or will it be weaker, unable to address the concerns of Europeans and in danger of breaking apart? A lot depends on what happens this Wednesday, writes a group of authors from the Jacques Delors Institute.
Economy & Jobs 26-05-2020

2020 will go down in history as the EU’s turning point thanks to COVID-19

In the two months since mid-March, the European Union has seen a change of course that was unthinkable at the start of the year. Entrenched taboos are falling away, and things that had been awaited for more than 20 years are happening within days and weeks. We must not waste this historic moment, writes Luca Jahier.
Economy & Jobs 15-05-2020

With almost €100 billion in tax losses, Scholz announces another stimulus package

For the German budget, the pandemic means greater expenditures and less income. For the first time since the financial crisis, tax revenues are falling but Finance Minister Olaf Scholz (SPD) is not thinking about austerity. On the contrary, another economic stimulus package is planned in June to help boost the economy, EURACTIV Germany reports.
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.
Economic governance 20-04-2020

COVID-19: EU’s plan to save the economy

The European Commission estimates the economic impact of the coronavirus outbreak could be greater than the financial crisis in 2008. In order to keep the economy running, the EU executive introduced flexibility for funds and national expenditure, member states approved...
Economy & Jobs 16-04-2020

Time for a European public export credit insurance programme?

Over the last decade, public export credit insurance has become one of the major instruments of trade policy, used to support and encourage exports. According to the figures of Berne Union members, public credit insurance covered more than one trillion of US dollars of new transactions in 2018, writes Matija Vodoplav.
EU-China 31-03-2020

In China, the time ‘after’ COVID-19 is beginning – but fear remains

For weeks, China has hardly reported any new cases of coronavirus infections. The economy is showing signs of recovery, but the fear of a "second wave" remains.
Economy & Jobs 24-03-2020

German economy minister: Help is on the way

The first payments from the 'coronavirus aid package' are to be made to small and micro enterprises this week, Economy Minister Peter Altmaier announced on Tuesday but rejected once again the idea of European coronabonds. Meanwhile, the country's top economic expert expects a single-digit percentage GDP decline. EURACTIV Germany reports.
Economy & Jobs 23-03-2020

Germany set to foot massive but ‘necessary’ coronavirus bill

Coronavirus will cost Germany several hundred billion euros, according to new figures from research centre the ifo institute released on Monday (23 March). Production losses and unemployment will hurt, so Berlin will have to dig deep into its pockets. EURACTIV Germany reports. 
Coronavirus 18-03-2020

After declaring ‘war’ on COVID-19, France readies measures to uphold economy

To cushion the economic impact of the coronavirus, French Economy Minister Bruno Le Maire has announced a series of measures to support businesses, including "nationalisation". EURACTIV France reports.
Coronavirus 17-03-2020

European tourism sector urges measures to mitigate COVID-19 impact

Europe's tourism industry is bracing itself for an economic impact that could potentially push several countries into recession, as a result of the ongoing coronavirus crisis on the continent.
Economy & Jobs 17-03-2020

Will COVID-19 turn Germany’s export-oriented economy into a weakness?

The corona crisis is hitting Germany and with it the export-oriented medium-sized companies and world market leaders. A survey of them by WirtschaftsWoche reveals open flanks, but also hope and optimism.
Coronavirus 11-03-2020

Merkel: Germany well-equipped against COVID-19

German Chancellor Angela Merkel made her first public statement about the coronavirus epidemic on Wednesday (11 March), saying that financial reserves and good emergency mechanisms make Germany well-prepared. "We will do what is necessary," she added. EURACTIV Germany reports.

Can EU’s new industrial strategy accelerate Germany’s green transition?

With its new industrial strategy, the European Commission wants to promote climate-friendly innovations, unlocking billions in investment into clean technologies. However, it remains unclear how companies will be supported in the transition. EURACTIV Germany reports.
Economy & Jobs 07-02-2020

Coronavirus could hurt German economy due to its reliance on China

Since the coronavirus outbreak started, the Chinese economy has begun to suffer. As a result, Germany, and particularly its car industry, could also lose out as China is its most important trading partner. EURACTIV Germany reports.
Economy & Jobs 07-01-2020

Eurozone growth driven by services, weighed down by industry slump

While the eurozone's private sector stagnated until December 2019, the manufacturing sector saw a prolonged slump. It is the services sector that continues to drive the Eurozone's growth. EURACTIV's partner La Tribune reports.

A clear, credible climate protection law is good for business, German expert says

In an interview with EURACTIV Germany, Karsten Neuhoff, a climate expert and professor, spoke about Germany's hotly-debated climate protection bill, stressing that a clear regulatory framework with "clear and credible paths for reducing emissions" is attractive for businesses.
Competition 08-10-2019

Commissioner hearings LIVE: Margrethe Vestager

The European Parliament is grilling the proposed members of Ursula von der Leyen’s Commission in a series of hearings between 30 September and 8 October. On Tuesday, Danish official Margrethe Vestager, nominated as Executive Vice President for Europe fit for the Digital Age, will be questioned by MEPs
Economic governance 12-09-2019

All signs point towards recession in Germany

The ifo Institute for Economic Research has lowered its forecast for Germany's economic growth for 2019 and 2020. Instead of the previously predicted 0.6%, the institute now expects a 0.5% growth rate for 2019. A potential hard Brexit and escalation of trade wars with the US were not taken into account. EURACTIV Germany reports.
Economic governance 28-08-2019

Trade wars: Germany’s slide into recession

Germany is facing a recession, with business confidence plunging to levels not seen since the global economic crisis of 2009. As a result, calls for increased investment are growing louder – but possibly for the wrong reasons, EURACTIV Germany reports.
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