Getty Images The European economy has fallen into its worst recession on record as strict quarantine measures earlier in the year to stop the spread of the coronavirus brought economic activity to an abrupt halt. According to figures released on Friday by Eurostat, the European Union’s statistics agency, gross domestic product dropped by 11.9 percent in the…
Collage sources: EU Website NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European Union (EU). Observers of the EU’s evolution in the capital of Brussels have witnessed a…
| Business Insider –Three of Europe’s largest economies are under threat of recession, which could spell a crisis across Europe. –Dozens of companies in Germany have turned to “short-time” work — cutting employee hours — a canary in the coal mine of industrial weakness –Britain could also already be in a recession despite having not…