A total of 5,534 new coronavirus-related deaths were recorded across the world yesterday, the lowest figure for more than a week. Italy, Spain, and France all recorded fewer than 500 deaths. The figures continue a downward trend that suggests central Europe may be past its peak level of deaths – but it’s worth noting that numbers…
Will the COVID-19 pandemic prompt the EU to take the decisive integrative steps that it failed to take in the context of the Eurozone crisis? Or will this be a crisis too far? The COVID-19 pandemic poses an existential threat to the European Union. As its member states take unprecedented steps to deal with an…
FILE PHOTO. © Global Look Press / www.imago-images.de The European Union urgently requires financial injections to stay afloat and survive the coronavirus epidemic currently ravaging the continent, the European commissioner for the economy, Paolo Gentiloni, has warned. A whopping €1.5 trillion ($ 1.63 trillion) could be needed to “deal with this crisis,” Gentiloni told Der Spiegel…
The coronavirus poses such a great risk that it could mark the end of the EU if it is mismanaged, warned the pope yesterday in his Easter speech. Europe was “faced with a historic challenge, on which not only its future but that of the whole world will depend,” said the 83-year-old Pope in his…
Finance ministers of eurozone countries reached an “excellent accord” on fighting the pandemic-triggered recession. Europe has proven itself to be “a match” for the crisis, said French representative Bruno La Maire. After hours of talks on Thursday, representatives of 19 eurozone countries agreed to make €500 billion ($547 billion) available “immediately” to stimulate the EU…
PARIS (Reuters) – French Finance Minister Bruno Le Maire said European Union member states had agreed to mobilize 1 trillion euros to shore up the economy in response to the coronavirus crisis, in the most important economic plan in the EU’s history. Le Maire said on a call with reporters that the European Stability Mechanism…
Euroscepticism is running high as the EU abandons the beleaguered country to its pandemic fate. Europe is heading into its most severe economic crisis for decades. Its two biggest economies — Germany and France — are already in freefall. Germany is contracting at its fastest pace since records began, in 1970, while in France you…
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Prince Charles, who is first in line to the British throne, has tested positive for coronavirus after displaying mild symptoms, his office has announced. “The Prince of Wales has tested positive for Coronavirus. He has been displaying mild symptoms but otherwise remains in…
EU leaders have agreed to prevent foreigners from entering the European bloc for 30 days as they fight to contain the deadly coronavirus. European Commission President Ursula von der Leyen said the proposal “got a lot of support by the member states. It’s up to them now to implement. They said they will immediately do…