# Budget

EU foreign affairs high representative Josep Borrell gestures during a video press conference on the 10th EU-China Strategic Dialogue, at the European Commission in Brussels on June 9, 2020. Photo: Kenzo Tribouillard / Pool / AFP
EU foreign affairs high representative J […]

EU says needs more cash to fight Chinese disinformation

The EU's diplomatic chief has called for more resources from member states to fight disinformation from China, warning that Europe needed to stop being naive in its dealings with Beijing
European Commission President Ursula von der Leyen speaks during a plenary session of the European Parliament in Brussels on May 27, 2020, amid the crisis linked with the Covid-19 pandemic caused by the novel coronavirus. Photo: Kenzo Tribouillard / AFP
European Commission President Ursula von […]

EU hopes to heal rifts in debate on post-virus plan

Europe's scattergun approach to the coronavirus epidemic has called into question the EU's ability to rise to the challenge, but Brussels hopes its economic recovery plan will mark a turning point
European Commission President Ursula von der Leyen speaks during a plenary session of the European Parliament in Brussels on May 27, 2020, amid the Covid-19 pandemic caused by the novel coronavirus. Photo: Kenzo Tribouillard / AFP
European Commission President Ursula von […]

Battle ahead for EU’s 750-bn-euro recovery plan

European Union chief Ursula von der Leyen has proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it.
German Chancellor Angela Merkel arrives to address a joint press conference with French President Emmanuel Macron, who attends via video link, at the Chancellery in Berlin, Germany, on May 18, 2020 on the effects of the novel coronavirus COVID-19 pandemic. (Photo by Kay NIETFELD / POOL / AFP)
German Chancellor Angela Merkel arrives […]

French-German recovery plan faces tough Brussels test

The road to clinch an EU recovery plan remains difficult, officials have warned, despite the surprise entente between Berlin and Paris to back a 500 billion euro rescue
A person wearing a protective face mask walks by the EU Commission building bearing a banner that reads "Coronavirus Global Response" in Brussels on May 6, 2020, as the country is under lockdown to stop the spread of the Covid-19 pandemic caused by the novel coronavirus. (Photo by Kenzo TRIBOUILLARD / POOL / AFP)
A person wearing a protective face mask […]

Europe’s ‘historic’ recession threatens eurozone survival

The EU has forecast that the eurozone economy will contract by a staggering 7.7 percent in 2020, warning the wreckage from the coronavirus outbreak could endanger the single currency
A Euro currency sculpture, part of a lifesize Game of the Goose set up in the courtyard of the Economy and Finance Ministry in Paris, on September 18, 2016. Photo: Jacques Demarthon / AFP
A Euro currency sculpture, part of a lif […]

Brexit punches 12-bln-euro hole in EU finances

When Britain leaves the EU at midnight on Friday the bloc will lose the second-biggest net contributor to its budget, leaving a 12-billion-euro ($13-billion) hole in its finances
Olaf Scholz (SPD, l), Federal Minister of Finance and Bruno Le Maire (r), French Minister of Economics, will hold a joint press conference after the Eurogroup meeting. At the meeting on Friday night, the finance ministers of the euro countries made progress on the controversial euro zone budget. Photo: Arne Immanuel Bänsch/dpa
Olaf Scholz (SPD, l), Federal Minister o […]

Ministers fall short of finalizing eurozone budget plans

The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.