ECB: People less inclined to pay cash since start of virus pandemic
A recent report shows how more people around Europe are now preferring the use of electronic payments instead of cash ones in the light of the ongoing coronavirus pandemic.
EU warns no return to pre-crisis economy before 2023
A second wave of the coronavirus pandemic has stalled a nascent recovery in Europe, as the EU warned that the economy would not return to pre-virus normality before 2023
Eurozone GDP up 12.7% in Q3, biggest quarterly rise
Eurozone output soared by 12.7 percent in the third quarter as the bloc bounced back from the depths of the coronavirus lockdown, according to the Eurostat statistics agency
France, Germany impose drastic curbs as virus surges in Europe
France is preparing to begin a new lockdown as Germany imposed drastic new curbs, with European leaders set to hold a video summit to discuss the spikes in coronavirus infections on the continent
EU leaders to decide tougher climate goal in December
EU leaders have said they will decide on a more stringent climate target for 2030 at a summit in December, leaving more time to forge a united response to climate change
Why is the ECB eyeing a ‘digital euro’?
The European Central Bank will on Monday launch a public consultation and start experiments to help it decide whether to create a "digital euro" for the 19-nation currency club
Eurozone GDP plummets by record 12.1 per cent in second quarter
Countries worldwide have been suffering economically from the consequences of the coronavirus pandemic. This is no different from the Eurozone, where the GDP has declined massively for the first time in 25 years.
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What now? Re-elected Polish president’s key challenges
Despite narrowly winning re-election, Polish President Andrzej Duda will face a newly energised opposition as the country's economy heads for its first recession in decades
Sweden and Denmark step out of the shadows as EU’s frugals
Normally perceived as team players, Sweden and Denmark have found themselves playing the unaccustomed role of outliers in EU politics, blocking the widely backed COVID-19 recovery plan
Ireland’s Donohoe takes leadership of Eurogroup amid historic recession
Irish finance minister Paschal Donohoe has been picked as the new president of the Eurogroup, a key role as Europe sits in the depths of its deepest recession since World War II