Every Step the EU Takes Toward Financial Unity Sows New Seeds of Its Potential Collapse

Collage sources: EU Website NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European … Read More

EU rescue deal: ‘The most important moment in the life of our Europe,’ says Macron

Emmanuel Macron from the Elysée Palace during a televised interview on TF1, in Paris on July 21, 2020. © AFP – LUDOVIC MARIN A historic rescue plan for economies left shattered by the coronavirus epidemic was hailed by French President Emmanuel … Read More

EU summit: Angela Merkel warns of possible no deal on recovery aid

posted in: Germany, News

European Union talks on a shared coronavirus stimulus package reconvene on Sunday after the failure to agree on what strings to attach to the aid. The German chancellor said the third day would be “decisive.” German Chancellor Angela Merkel warned … Read More

European countries face biggest economic hit from COVID-19: OECD

posted in: European Union, News

Countries like Italy have taken a massive economic hit thanks to the coronavirus pandemic | Marco Bertorello/AFP via Getty Images Spain, France, Italy, and UK stand to fare worst with the US also hit harder than average. Spain, France, Italy, … Read More

Why Angela Merkel is coming to the rescue in Europe

posted in: Germany, News

The German Chancellor’s surprising move to back a cashed-up EU recovery fund is giving fresh impetus to a supranational approach. The German Chancellor has a record of defying orthodoxies and the Covid-19 crisis cries out for extraordinary steps BERLIN • … Read More

Coronavirus: How Are Countries Responding to the Economic Crisis?

The coronavirus pandemic is slowing global commerce to a crawl, but many of the world’s largest economies are taking extraordinary actions to propel them through the crisis. A pedestrian wearing a protective face mask amid the the coronavirus (COVID-19) outbreak … Read More

Europe needs €1.5 TRILLION to recover or single market could ‘break in two’ – EU economy commissioner

posted in: European Union, News

FILE PHOTO. ©  Global Look Press / www.imago-images.de The European Union urgently requires financial injections to stay afloat and survive the coronavirus epidemic currently ravaging the continent, the European commissioner for the economy, Paolo Gentiloni, has warned. A whopping €1.5 … Read More

Could Italy tear Europe apart?

posted in: European Union, News

Euroscepticism is running high as the EU abandons the beleaguered country to its pandemic fate. Europe is heading into its most severe economic crisis for decades. Its two biggest economies — Germany and France — are already in freefall. Germany … Read More

Merkel crisis: Germany recession threat bleeds into EU economy – shock warning

posted in: Germany, News

GERMANY is in the midst of an economic crisis that is now bleeding into the EU in the months before Brexit. German news site Der Tagesspiegel warned several hard-hiring factors are playing a part in Berlin dragging down the rest … Read More

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