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Economy

Explainer: how would EU countries apply for coronavirus recovery funding?

While the final figure is still subject to tough negotiations, we look at what conditions the European Commission is attaching to receiving rescue funds.

Economy

EU economy to rebound ‘quite strongly’ next year says Dombrovskis

The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.

Economy

The US sees the eurozone as the economy most likely to fold. It should look closer to home ǀ View

America is far from the perfectly functioning currency area so beloved by its European devotees. Rather, the US model of limited government at state level has exposed the fragile nature of the American dream.

Economy

EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund

Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."

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Economy

State aid should be reviewed 'to help EU compete with US & China'

It comes after the German government and flagship carrier Lufthansa reportedly reached an agreement on state aid worth €9 billion.

Economy

EU forecasts 'recession of historic proportions' this year

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

Economy

EU could use long-term budget to solve North/South divide -- thinktank

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.

Economy

More financial protection needed from EU: former Greek finance chief

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

Economy

Dombrovskis: Fiscal support to non-Eurozone countries a possibility

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

Economy

COVID-19: How will the EU €500bn rescue deal help people and firms?

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.

Economy

IMF: coronavirus pandemic will cause worst economic slump since Great Depression

"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.

Economy

"No single country will be left behind in this crisis"

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.

Real Economy

Covid-19 Pandemic: How has the EU responded to the economic crisis?

In partnership with The European Commission

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

Economy

EU project 'in danger if no solidarity on coronavirus crisis'

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

Economy

We urgently need a coordinated European response to coronavirus. We are seeing the opposite ǀ View

As a record number of citizens, including the most Eurosceptic, turn to the EU in search of emergency solutions, Brussels looks helpless. But who’s really to blame for the current situation?

Economy

Aid packages help minimise impact of virus on world econonomies

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.

Real Economy

Wake-up call: EU mobilizes economic toolbox to reach sustainability

In partnership with The European Commission

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

Economy

British government spent at least €5 billion preparing for Brexit

UK government departments prepared for #Brexit planning for both a 'deal' and 'no deal' scenario, following the 2016 referendum. Here's the bill.

Real Economy

Fiscal Rules: Towards a new growth model for Europe

In partnership with The European Commission

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

Economy

German economy stagnates as eurozone growth reaches 7-year low

Germany, Europe’s largest economy, has recorded a zero growth between October and December, as manufacturing remained in a slump and exports fell.