The European Commission is ready to consider backing common debt issuance in the eurozone to help the bloc weather the massive economic impact of the coronavirus outbreak, its president said on Friday (20 March).
The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit.
European Union finance ministers plan to agree on Monday (16 March) on a coordinated economic response to the coronavirus pandemic, with the European Commission forecasting the effects of the virus could push the EU into a recession. The action would...
The death toll from an outbreak of coronavirus in Italy has risen to 34, five more than a day earlier, officials said on Sunday (1 March), as the government prepared to boost spending to help the fragile economy.
Eurostat and the European Commission have been informed of a serious problem with the reporting of the balance of payments of the Bulgarian economy to the EU institutions, which may have presented the country's GDP growth as much higher than it is. EURACTIV Bulgaria reports.
Bulgaria has delayed until July its plans to join the ERM2 Exchange Rate Mechanism, also known as the eurozone "waiting room", Prime Minister Boyko Borissov said Friday (21 February).
Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday (17 February), in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Bulgaria's parliament adopted on Thursday (6 February) changes to the country's central bank law so as to allow its accession to the "waiting room" of the eurozone.
The European Commission is considering a proposal to phase out 1-euro cent and 2-euro cent coins, an EU document showed, in what would be a cost-saving move as the coins' production and handling costs often exceed their face value.
The European Commission said on Wednesday (15 January) that Portugal's draft budget for 2020 was at risk of breaking European Union fiscal rules because of insufficient progress in reducing its structural deficit.