A vast fiscal fightback to the coronavirus crisis unleashed by eurozone governments could raise questions about capitals' ability to repay debts and revive the threat of countries exiting the single currency, the European Central Bank warned Tuesday (2...
EU leaders meet on Thursday (23 April) for the fourth time in seven weeks to narrow the differences on how to set up a recovery fund to counter the economic fallout of the COVId-19 crisis.
The EU executive will propose borrowing from the markets in order to finance a recovery plan that will come on top of the EU budget, the European Commission's vice-president for the economy, Valdis Dombrovskis, told EU lawmakers on Monday (20 April).
German Chancellor Angela Merkel signalled readiness on Monday (20 April) to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via the European Commission.
The European Commission estimates the economic impact of the coronavirus outbreak could be greater than the financial crisis in 2008. In order to keep the economy running, the EU executive introduced flexibility for funds and national expenditure, memb...
The "full firepower" of the European Union will be needed to overcome the historic shock of the coronavirus crisis, Italian Prime Minister Giuseppe Conte told German media Sunday (19 April), repeating calls to pool European debt.
European Council President Charles Michel has voiced regret that Europe’s way of working, also evident during the coronavirus crisis, is ‘too slow’ and called for more solidarity with countries that have been hard-hit by the pandemic, like Italy and Spain.
Portuguese Prime Minister Antonio Costa said on Friday (10 April) that the Netherlands' attempt to block economic support to fight the coronavirus raised questions about the future of the European Union.