Inflation rates within the Eurozone countries have seen a decrease in the previous month of August. Nonetheless, unemployment rates across the different EU countries have increased.
The European Union Commission has planned to pay out billions of euros as loans for workers affected by the corona virus pandemic, as part of the EU's recession recovery plan.
The number of illegal sea migration across the Mediterranean has doubled in July compared to the month before. All in all nevertheless, migration figures within the EU have fallen in 2020 due to the corona virus travel restrictions.
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.
Remdesivir is the first drug to receive EU approval to treat severe cases of Covid-19 and would be used for treating patients from EU member states and the UK.
Several European countries are slowly starting to reopen their EU borders that were closed for about three months due to the coronavirus pandemic. Nonetheless, some travel restrictions still do apply.
Several European Foreign Ministers had an online meeting to discuss some of the procedures and precautions to be considered before the upcoming summer tourist season in Europe in the wake of the Coronavirus pandemic.
Collective global efforts are now being made to find and fund a coronavirus vaccine. The European Commission alone is aiming at raising at least 7.5 billion euros.