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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

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.

Real Economy

Eurozone economy slows amid trade tensions and uncertainty

In partnership with The European Commission

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

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Economy

The work to stabilise the eurozone isn’t over. Reforms are necessary to avoid the abyss again ǀ View

Giving the EU its own resources is the only way to overcome country divisions on EU spending from national budgets.

Economy

Italy's Di Maio says Rome must delay approval of ESM reform

The head of Italy's ruling 5-Star Movement said on Saturday the government should not sign off on a reform of the euro zone's bailout fund until plans for a wider banking union became clearer.

Economy

The Brief: Lagarde's route to the ECB

We look back at Christine Lagarde's career trajectory from French Minister to IMF chief and the issues that follow her heading into her next role.

Business

Europe’s economy is slowing down

According to the preliminary Eurostat data Eurozone GDP grew 0.2% quarter-on-quarter in the April-June period, down from 0.4% in the previous three months.

Business

ECB paves way for more stimulus in September

The European Central Bank kept interest rates unchanged at the meeting in Frankfurt with the main refinancing rate remaining at zero and the deposit rate at minus 0.4%.

Economy

'Ball is in Italian camp over debt discipline,' says EU finance chief

"As Commissioner Muscovi said the door is open for further evidence, for further information, potentially further measures, the ball is now in the Italian camp.”

Economy

Progress, but not big breakthrough towards Eurozone budget

Progress, but not big breakthrough. Trying to create a budget across the 19 economies of the eurozone is always a challenge.

Economy

New vegan-friendly €100 and €200 banknotes enter circulation

European Central Bank introduces new vegan-friendly banknotes as part of "Europa" roll out to fight counterfeited currency.

Economy

Eurozone citizens were sold a lie – and now their economies are paying the price ǀ View

Why, 20 years on from the birth of the eurozone, are people so unhappy and ready to blame the European Central Bank (ECB) for the poor economic performance of their country and the absence of a bright future?

Economy

R. Jezic: the businessman behind the Croatian trial that could give Russia the keys to Europe ǀ View

Croatian courts are currently holding the biggest trial of the decade to determine the guilt of former Croatian Prime Minister Ivo Sanader and Hungarian industrialist Zsolt Hernadi, the Chairman and CEO of MOL Hungarian Oil, the largest foreign investor in Croatia (accused of bribing the former).

Economy

Croatia in the Eurozone: Russia greatest weapon in Europe? | View

Croatia’s adoption of the euro would be an unmitigated disaster, punishing a country whose judiciary suffers from entrenched corruption that is being exploited to extend Russian influence in Europe.

Economy

20 years on — has the euro been a success?

On the 20th anniversary of the currency, Euronews speaks to economist Duncan Weldon about how successful the euro has been and what we can expect next from the currency.

Economy

Three out of four Europeans say the euro is a good thing | Raw Politic

A large majority of people in all 19 eurozone countries support the euro currency, a poll has found

Economy

EU and Italy in standoff over budget

A European Commission spokesperson confirmed that they have received the "revised" budgetary plan from Italy and will give their analysis on the 21st of November. They should decide whether to begin disciplinary measures against the Rome government. Italy could face possible fines.

Economy

Portugal populist exception?

In the proposed State Budget for 2019, the Portuguese Government estimates a deficit of 0.2% of GDP, with the ambition of setting it at 0 % of GDP by 2020. Portugal is often praised as the good pupil of the eurozone in contrast to Italy, which plans to up spending, going against eurozone rules.

Economy

Croatia's euro bid

The EU Commissioner for the euro, Valdis Dombrovskis, met with the Croatian government in Zagreb today to discuss the country's prospects to join the euro.