Risks for euro area countries are increased but uneven. Targeted stimulation will be needed to revive the region from the coronavirus crisis, as the pandemic has affected different sectors differently. The biggest impact was on tourism and hospitality. The risks are thus focused on certain countries and parts of the economy. “Governments face a delicate … Read more
2020 was a disastrous year for economies worldwide. To limit damage in the form of bankruptcy and unemployment, governments resorted en masse to an old-fashioned policy form: state aid. Because the government pulled the wallet, the Dutch national debt increased by about 6 percentage points in the corona year 2020. How did that go in … Read more
The twelve Spanish banks supervised by the European Central Bank (ECB) remained in the fourth quarter of 2020 practically in the last place of the entire Eurozone in terms of cost effectiveness already ratio de capital CET1, according to the data published by the entity this Monday. – The low profitability of banks in the … Read more
Budapest and Warsaw are blocking the approval of the budget and the associated fund with a total volume of over 1.8 trillion euros (approximately 48 trillion crowns) due to conditionality, which the leaders of the countries agreed at the July summit. Money from the budget for the period 2021 to 2027 and from the emergency … Read more
Institution in a joint press release stated that in the unprecedented conditions of the covid pandemic and the related global economic downturn, the Czech Republic will most likely meet only one of the Maastricht convergence criteria this year, namely the criterion on interest rates. – The criteria of public finances and price stability will not … Read more
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Will there be a breakthrough in the conflict between Germany’s highest judges and the European Central Bank? In early May, the German Constitutional Court caused a minor earthquake in the euro zone. The Council judged that the ECB acts unlawfully by buying government bonds in bulk, without properly explaining why this is ‘proportional’. The ECB … Read more
The coronavirus will cause a “dizzying” economic crisis that will widen the differences between the North and the South of the Union, warns Bruno Le Maire, the Minister of Economy and Finance. If the 27 fail to pool the debt to finance reconstruction spending, the Union and the euro area will be doomed to disappear. … Read more
The alert is worrying and the many pending questions will inevitably fuel anxiety. For several weeks, several medical teams in Europe have been worried about the growing appearance of serious inflammatory syndromes in children, some of which are associated with myocarditis (inflammation of the heart muscle). These teams wonder about the potential link with the … Read more
The first indicators are beginning to become known, showing, as expected, a marked deterioration in the economic situation in Europe. In Germany, the business confidence indicator published by the think tank Ifo – one of the main references to anticipate what happens to the economy – in March registered an abrupt fall, sinking to its … Read more
Badaboum. After posting an identical 0.3% increase in the first three quarters of 2019, Gross Domestic Product fell 0.1% in the fourth quarter. This is the first time since the spring of 2016, when GDP, this key economic indicator corresponding to the sum of the wealth created by the country, had also declined. As a … Read more