# debt

A person wearing a protective face mask walks by the EU Commission building bearing a banner that reads "Coronavirus Global Response" in Brussels on May 6, 2020, as the country is under lockdown to stop the spread of the Covid-19 pandemic caused by the novel coronavirus. (Photo by Kenzo TRIBOUILLARD / POOL / AFP)
A person wearing a protective face mask […]

Europe’s ‘historic’ recession threatens eurozone survival

The EU has forecast that the eurozone economy will contract by a staggering 7.7 percent in 2020, warning the wreckage from the coronavirus outbreak could endanger the single currency
A protester waves a Greek flag as he demonstrates with thousands against a new austerity package in front of the Greek parliament in Athens on June 5, 2011. Photo: Angelos Tzortzinis / AFP
A protester waves a Greek flag as he dem […]

Greece exits third and last bailout after biting austerity

After years of stinging austerity measures, Greece emerges from its third and last bailout, although officials warn the country still has a "long way to go".