# Budget

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.
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.