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Economy

The economic recovery of Europe
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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?
European Commission President Ursula von der Leyen delivers the annual 'State of the European Union' address to the European Parliament in Strasbourg, eastern France. Photo: Frederick Florin / AFP
European Commission President Ursula von... […]

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.
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