Europe Needs €1 Trillion To Recover After Pandemic- Klaus Regling

Pandemic wracked Europe will need at least another 500 billion euros from European Union institutions to finance its economic recovery. The figure is in addition to the agreed €500 billion packages, the head of the eurozone bailout fund said. In an interview with Italy’s Corriere della Sera paper, published on Sunday, European Stability Mechanism Managing … Read more

EU Warns Italy, France Over Budget Overspending

EU

The EU warned Italy, France and six other countries Wednesday that they risk breaching the bloc’s tough public spending rule next year, putting particular pressure on Rome to deliver reforms. Spain, Portugal and Belgium were also in the EU’s cross-hairs for bloated budgets, with their governments still working on spending plans for 2020 after holding … Read more