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Europe’s economy slid back into recession as US roared ahead
RECEP TAYYIP ERDOGAN
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New report paints bleak picture of EU unemployment
The unemployment rate for the bloc was at 7.6% in October 2020, up 1% compared to October 2019.
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.
EU to experience 'even deeper recession' than anticipated
The European Commission announced that the euro area economy will contract by 8.7%, as the lifting of lockdown measures has been more gradual than expected.
Spain, Ireland and Luxembourg join race for Eurogroup presidency
Whoever takes on the chair of the eurozone group will play a major role in digging Europe out of the coronavirus economic downturn.
Who will join the race to be the Eurogroup's next president?
It comes after Mário Centeno quit as Eurogroup's president earlier this month.
Eurogroup chief Centeno says no political reason behind quit decision
He told Euronews it was simply the "end of a cycle". His tenure was due to end and he decided not to apply for a second term, he claimed.
ECB nearly doubles stimulus programme to tackle virus economic fallout
As the ECB pumps more money into the Eurozone economy to prop up businesses with cheap credit, President Christine Lagarde warns that the speed and scale of the recovery are "highly uncertain".
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.
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.
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.
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.
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.
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.
Eurozone economy slows amid trade tensions and uncertainty
A new series of 'Real Economy' looks at some of the reasons why the forecast is gloomy and how opportunities can turn the tide.
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.
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.
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.
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.
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%.
Good Morning Europe
'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.”
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.
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.
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?
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).
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.
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.