European economy

"Europe is experiencing an economic shock without precedent since the Great Depression,'' the EU's economy chief Paolo Gentiloni said on Wednesday.

The European Union could use its seven-year budgetary plan to tackle inequalities that have been exacerbated by the COVID-19 pandemic, leading European thinktank Bruegel says.

The EU must be there to support member states’ economic recovery from the COVID-19 pandemic, former Greek Finance Minister George Papaconstantinou tells Euronews.

It comes after EU countries agreed a €500 billion coronavirus rescue package.

We explain the EU's coronavirus rescue deal and how it aims to provide safety nets for workers, businesses and EU countries hit by the pandemic.

"The bleak outlook applies to advanced and developing economies alike. This crisis knows no boundaries. Everybody hurts," says International Monetary Fund Managing Director Kristalina Georgieva.

EU Commissioner for Internal Market, Thierry Breton says "not one single country was fully prepared for this kind of crisis, but the EU is now getting a battle plan in place.

We ask Economy Commissioner Paolo Gentiloni if Europe is doing enough to avoid an economic crisis due to the coronavirus outbreak.

European leaders have already rejected the idea of "corona bonds" as a way of financing the COVID-19 response.

The effect of the Coronavirus on the economy is being felt across the globe. Aid packages are being introduced by countries in the hope these might help people who are unable to work and potentially in financial difficulties. The UK has pledged 330 Billion pounds and the US 1 Trillion dollars.

Euronews heads to the Danish town of Sonderborg to find out how they plan to become Europe's first carbon neutral city.

France, Belgium, Italy, Spain and Greece are among the countries with debt-to-GDP ratios near or above 100%

There are 5.5 million young people in Europe who are not in education, employment or training. New to the labour market, they are less likely to find a job or are often employed on temporary or part-time contracts.

The climate crisis has made headlines, but now European politicians are trying to put green policy into practice.

The European Central Bank has been leading efforts to stimulate growth for years, but some now say its financial toolkit is almost empty.

A new series of 'Real Economy' looks at some of the reasons why the forecast is gloomy and how opportunities can turn the tide.

Amid a crippling economy, Italy is trying to find a new way to boost the economy by taxing internet companies.

The former prime minister has received the green light from MEPs to be the new European Commissioner for economic affairs

Six years ago, his book "Capital in the 21st Century" sold 2.5 million copies after being translated into 40 languages. Arguably the most famous French economist in the world, Thomas Piketty is back with a controversial new book "Capital and Ideology".

With 394 MEPs in favour and 206 against Christine Lagarde won the European Parliament approval to lead the European Central Bank.