#funds

Belgium, Brussels: Ursula von der Leyen (r), President of the European Commission, takes part in a special session on the second day of the EU special summit. Photo: -/EU/XinHua/dpa
Belgium, Brussels: Ursula von der Leyen ... […]

EU leaders cautiously optimistic deal on virus recovery fund in sight

European Union leaders are currently having major talks for a shared economic stimulus package to recoup the damage caused by the coronavirus pandemic for the fourth day in a row. An agreement seems difficult to reach.
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