Amid record-high inflation and a Russian gas squeeze, the European Union’s 27 states are addressing their economic woes against the backdrop of Russia’s invasion of Ukraine. Leaders of the European Union’s 27 member states are meeting for the second day … Read More
U.S.-EU ties with Japan suggest an increased effort to distance themselves from China. The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors. … Read More
Around 1.4 million citizens of EU countries live in Switzerland, with a population of over 8.6 million. From tomorrow, Swiss medical-technology companies will no longer be allowed to export duty-free to the European Union as Bern and Brussels failed to … Read More
The eurozone economy performed marginally better than expected in the first quarter of the year but it wasn’t enough to prevent the single currency area from officially falling into a double-dip recession. The eurozone’s gross domestic product (GDP) contracted by … Read More
Protesters demand more resources for public health system and against social inequality in the southern neighbourhood of Vallecas, Madrid, Spain, Thursday, Sept. 24, 2020. – Copyright Bernat Armangue/AP Public deficit and debt soared in the EU as governments massively supported their economies … Read More
A computer screen shows news about the Brexit as a broker watches his screens at the stock market in Frankfurt, Germany, Wednesday, Jan. 16, 2019. – Copyright AP Photo/Michael Probst The post-Brexit fallout came faster than many had expected. On January 4, … Read More
German Chancellor Angela Merkel (R) and German Minister of Finance Olaf Scholz (L) attend a cabinet meeting at the German chancellery in Berlin, Germany, 19 August 2020. [EPA-EFE/CLEMENS BILAN] German Finance Minister Olaf Scholz said Sunday (23 August) that the … Read More
BOLOGNA — As monetary and fiscal authorities have acted aggressively to blunt the COVID-19 pandemic’s economic impact, public debt and central-bank balance sheets have swelled rapidly. In the European Union, this trend is compounded by a new 750 billion euros … Read More
Getty Images The European economy has fallen into its worst recession on record as strict quarantine measures earlier in the year to stop the spread of the coronavirus brought economic activity to an abrupt halt. According to figures released on Friday by … Read More