BRUSSELS/BERLIN, Nov 30 Euro zone finance
ministers agreed on Monday to move ahead with stalled changes to
their ESM bailout fund to strengthen the resilience of the
common currency area as the COVID-19 pandemic increases risks of
future economic trouble.
BRUSSELS Euro zone governments and the European Central Bank may need to provide more fiscal and monetary support than initially expected because of the effects of the second wave of the COVID-19 pandemic, the International Monetary Fund said on Monday.
BRUSSELS Euro zone finance ministers are likely to push ahead next Monday with stalled changes to their ESM bailout fund to strengthen the resilience of the common currency area as the COVID-19 pandemic increases risks of future economic trouble.
BRUSSELS Poland and Hungary should ask the European Union's top court to assess the link between access to EU money and observing the rule of law, instead of blocking the EU's 2021-2027 budget and recovery plan, the head of the European Commission said.
BRUSSELS Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented COVID-19 pandemic that has caused a global recession and how to manage the recovery once the coronavirus is under control.
BRUSSELS/WASHINGTON G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains "uneven, highly uncertain, and subject to elevated downside risks".
BRUSSELS Almost 40% of European Union citizens feel worse off due to the coronavirus economic crunch, with Hungarians hurt the most even before the second wave of the pandemic, a pan-European survey showed on Friday.
BRUSSELS European Union leaders clashed briefly on Thursday over a veto by Poland and Hungary of the bloc's 1.8 trillion euro (£1.6 trillion) plan to recover from the recession caused by the COVID-19 pandemic, but agreed in a virtual summit to allow more time for an agreement.