# Budget

Combination of pictures created on January 12, 2021 shows a file photo taken on October 2, 2020 of Italian PM Giuseppe Conte at The European Council Building in Brussels (L) and then former Italian PM, Matteo Renzi, on March 5, 2018 at the PD headquarters in Rome.
Combination of pictures created on Janua […]

Virus-hit Italy faces political crisis over EU recovery plan

Italy is facing a fresh political crisis after weeks of turmoil in the coalition government came to head in a row over how to spend billions of euros in EU coronavirus recovery funds
ILlUSTRATION - Eine Euro-Münze. Die Euro-Finanzminister haben ihre Gespräche zum umstrittenen Eurozonenbudget vorerst abgeschlossen. Es gebe Fortschritte, hieß es in der Nacht zum Donnerstag (10.10.2019) aus Verhandlungskreisen in Luxemburg.
ILlUSTRATION - Eine Euro-Münze. Die Eur […]

Hungary, Poland veto EU budget decision

The two countries have blocked approval of the EU's long-term budget. The spending plans also include a €750-billion coronavirus rescue package.
A shopper wearing a protective mask buys fruits in a Paris' district market on May 12, 2020, after France eased lockdown measures taken to curb the spread of the COVID-19 pandemic, caused by the novel coronavirus. (Photo by FRANCK FIFE / AFP)
A shopper wearing a protective mask buys […]

Eurozone GDP up 12.7% in Q3, biggest quarterly rise

Eurozone output soared by 12.7 percent in the third quarter as the bloc bounced back from the depths of the coronavirus lockdown, according to the Eurostat statistics agency
Thousands of Spanish flags, representing the Spanish victims of COVID-19, are pictured on Patacona beach in Valencia, on October 4, 2020. - Spain has so far claimed more than 32,000 lives and 790,000 infected in the highest infection rate in the European Union. (Photo by Jose Jordan / AFP)
Thousands of Spanish flags, representing […]

Spain hopes to create 800,000 jobs with economic rescue plan

Spain's government has unveiled an EU-funded recovery plan aimed at creating over 800,000 new jobs and yanking the country out of its worst economic slump in decades
(L-R) Dutch PM Mark Rutte, European Council President Charles Michel, French President Emmanuel Macron and President of the European Commission Ursula von der Leyen participate in a last roundtable discussion following a four-day European summit at the European Council in Brussels, Belgium, early July 21, 2020. Photo: Stephanie Lecocq / Pool / AFP
(L-R) Dutch PM Mark Rutte, European Coun […]

EU leaders agree to link funds to rule of law

EU leaders have for the first time agreed to link payment of funds to a member state with respect for the bloc's legal norms -- though Poland and Hungary say they blocked tougher planned measures
European Commission President Ursula Von Der Leyen (L) and European Council President Charles Michel bump elbows after a news conference following a four-day European summit at the European Council in Brussels, Belgium, early July 21, 2020. Photo: Stephanie Lecocq / Pool / AFP
European Commission President Ursula Von […]

EU’s virus recovery plan: historic but imperfect

The 750-billion-euro coronavirus recovery deal struck by EU leaders may be a historic landmark, but analysts are already warning it comes with substantial flaws