For once, Germany is not shying away from debt to overcome a crisis. With the second supplementary budget, the state's additional borrowing due to the coronavirus is raised to a total of €218.5 billion. But criticism is coming from the German Taxpayers' Federation. EURACTIV Germany reports.
Germany's coalition parties on Thursday (23 April) agreed to further measures worth some €10 billion to shield workers and companies from the impact of the coronavirus pandemic.
The German lower house on Wednesday (25 March) suspended the country's constitutionally enshrined debt brake, approving a massive stimulus package by Chancellor Angela Merkel's government to weather the economic fallout from the coronavirus outbreak.
Governments around the globe are quickly designing some of the biggest economic stimulus plan ever seen in peacetime in response to the COVD-19 pandemic. But while the health crisis has forced all concerned to take swift action, we are still moving too slowly when it comes to the climate crisis, writes María Mendiluce.
Belgium's newly formed federal government will provide €1 billion urgently to help hospitals face the coronavirus crisis as the situation in the coming days become "extremely intense" for healthcare services, it said on Friday (20 March).
Global stock markets pushed higher Friday (20 March) at the end of another volatile week, as weary investors welcomed a worldwide fightback against the coronavirus fallout by governments and central banks. In the eurozone, markets jumped after the Euro...
Spain announced a €200 billion package on Tuesday (17 March) to help companies and protect workers and other vulnerable groups affected by the spiralling coronavirus crisis.
The United States and Britain led a multi-billion-dollar global fightback against economic havoc wreaked by the coronavirus as the European Union shut its borders to travellers from outside for 30 days to stem the pandemic's ferocious spread.
Austria is making €4 billion immediately available to deal with the economic fallout from the coronavirus pandemic, the conservative-led government said on Saturday as it ditched a central pledge to balance its budget.
The International Monetary Fund called on governments worldwide Monday (9 March) to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses.