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Economy

Eurozone's rising debt 'likely to equal its GDP for first time'

The 100% debt-to-GDP ratio will be the legacy of the huge borrowing undertaken to cushion the impact of the coronavirus lockdowns.

Economy

Economic forecast: Some EU countries will recover in 2021, others must wait until 2022

Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021.

Economy

Bankruptcies in the EU rose by a quarter, latest figures show

In the three months to September, the number of firms going bust compared to the April-June quarter was 25.7% higher.

Real Economy

EU's multi-billion pandemic recovery fund gets go-ahead from European Parliament

In partnership with The European Commission

The European Parliament has voted to approve the EU's Recovery and Resilience Facility, to get the economy back on its feet whilst paving the way to a green transition. We take a look at a green hydrogen plant in France hoping to take advantage of its funds.

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Economy

Eurozone economy shrank less than feared in 2020 — Eurostat estimate

The EU's statistics agency says early analysis suggests eurozone GDP fell by 0.7% in the last quarter and 6.8% across 2020.

Real Economy

Can the Green Deal help the EU economy through the pandemic?

In partnership with The European Commission

In this edition of Real Economy, we take a look at the European Green Deal and the role of the European Social Fund (ESF) in creating new green jobs and supporting training in green skills.

Real Economy

The EU scheme making 'SURE' unemployment stays low

In partnership with The European Commission

Government short-time work and furlough schemes across Europe have helped keep people in work and kept unemployment low during the pandemic. Now the EU has created the SURE initiative to provide financial support for these schemes in 18 EU countries.

Economy

European Parliament overwhelmingly passes €1.8 trillion EU budget

The budget had been in jeopardy after both Poland and Hungary threatened to veto it over attempts to tie the release of EU funds to adherence to core EU values.

Business Planet

Europe’s Circular Economy Action Plan

In partnership with The European Commission

Business Planet takes a look at Europe's plans for a Circular Economy and examines what this transition might mean for both businesses and consumers.

Economy

Coronavirus downturn helps accelerate move to green economy, says ECB

"The fact we have this downturn does create some room for accelerating what needed to happen anyway: the green deal and digitisation," said the ECB's chief economist Philip Lane.

Economy

Europe's recovery uncertain amid COVID-19 second wave, says ECB chief

"The second wave of the epidemic in Europe, particularly in France, and the new restrictive measures that accompany it add to [the] uncertainty," said Christine Lagarde, head of the European Central Bank.

Business Planet

Explainer: Europe's tourism rescue plan

In partnership with The European Commission

Business Planet looks at what the EU is doing to support Europe's struggling tourism industry from the impact of the COVID-19 pandemic.

Real Economy

EU helps restart the economy after Covid-19 economic fallout

In partnership with The European Commission

For this episode of Real Economy, Euronews finds out about the EU's €1.82 trillion joint recovery package - and how it is helping the economic fallout as a result of Covid-19..

Economy

Younger people across Europe could be working into their 70s

As the Danish government unveils plans to lower the retirement age, most European countries look set to increase it.

Economy

COVID-19: Euro area economy suffers record drop of 12.1%

Eurostat also expects Gross Domestic Product (GDP) for the whole European Union to have fallen by 11.9 per cent between April and June.

Economy

EU leaders reach landmark €1.82 trillion COVID-19 recovery package

EU leaders have adopted the trillion-euro coronavirus rescue package after marathon talks in Brussels.

Economy

'It's a disaster': Brussels shops struggling for post-lockdown trade

The Coronavirus plunged stores into uncertainty and despite reopening, many haven't been able to bring their staff back on board.

Economy

Analysis: The divisions plaguing Europe over COVID-19 recovery fund

Europe needs a recovery plan. Failing to achieve one would not just damage solidarity but also the Eurozone (and maybe even the EU) irrevocably, writes Darren McCaffrey.

Economy

No breakthrough as EU splits remain over €750bn COVID-19 recovery plan

Europe remains divided on the issue. On one side Germany, France, Italy and Spain, who back the plan, and four nations who don’t, the so-called "frugal four": Austria, The Netherlands, Sweden and Denmark.

Economy

COVID is an opportunity for structural change: Eurogroup chief Centeno

Outgoing Eurogroup chief Mário Centeno speaks to Euronews about the EU's economic response to COVID-19.