The UK unveiled an unprecedented £350 billion (€400 billion) financial rescue package to “support jobs, incomes and businesses” on Tuesday (17 March), in a bid to offset the economic damage unleashed by the coronavirus crisis.
EU countries will consider a coordinated fiscal stimulus to spur the economy as the coronavirus could bring the eurozone economy to a recession, according to the latest OECD economic forecast published on Monday (2 March).
The European Commission predicted in its winter forecast €226 billion in additional spending as part of the fiscal stimulus promised by the new US government, but its economic impact will be “very low”.
The need for fast, accurate and balanced information is always important. We value EURACTIV's good, independent journalism and support this initiative
Mella Frewen, Director General of FoodDrinkEurope
EURACTIV plays a vital role in bringing Europe closer to its citizens. EURACTIV has long recognised that the story of Europe has to be told across the continent, and not just in Brussels. We need to support a truly European and informed debate.