The European economy has been harshly hit by the coronavirus crisis. In a few months, the European Union has managed to take a new step towards solidarity between its member states with the adoption of a maxi recovery plan worth 750 billion euros, financed by commonly-issued debt f for the very first time. EU leaders also approved a new seven-year European budget of 1.1 trillion euros. How will the governments of the world's second economic zone use the resources to help their countries bouncing back?
Economy
The economic recovery of Europe
Hounded at home, China’s video game firms welcomed in Europe
China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along the road unless regulators start to take stricter notice
EU gas price trends
The interactive map shows the increase in gas prices in the EU compared to the same month last year (indicates the individual increase in value for each EU country).
Prices soaring everywhere: how inflation affects the price of everyday products
Inflation jumped after countries emerged from Covid lockdowns and it has soared since Russia invaded Ukraine, with the IMF expecting consumer prices to rise by 8.3 percent globally this year.
How does the EU plan to cut energy bills?
The European Commission has set out proposals to bring down the soaring price of gas and electricity in the EU, notably by taxing excess profits of power producers.
EU plans ‘comprehensive reform’ of electricity market
The EU plans a "deep and comprehensive" reform of the electricity market to cope with an energy crisis sparked by Russia's war in Ukraine, European Commission chief Ursula von der Leyen has said.
Europe electricity prices soar as tough winter looms
European electricity prices have soared to new records, presaging a bitter winter as Russia's invasion of Ukraine inflicts economic pain across the continent.