# Eurozone

German Chancellor Angela Merkel arrives to address a joint press conference with French President Emmanuel Macron, who attends via video link, at the Chancellery in Berlin, Germany, on May 18, 2020 on the effects of the novel coronavirus COVID-19 pandemic. (Photo by Kay NIETFELD / POOL / AFP)
German Chancellor Angela Merkel arrives […]

French-German recovery plan faces tough Brussels test

The road to clinch an EU recovery plan remains difficult, officials have warned, despite the surprise entente between Berlin and Paris to back a 500 billion euro rescue
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
Young people from all over Europe call out "No more hot air" in front of the Federal Chancellery during a demonstration against youth unemployment in Europe. Photo: Kay Nietfeld/dpa
Young people from all over Europe call o […]

Eurozone unemployment falls slightly to reach the lowest rate since May 2008

The unemployment rate in the European Union has dropped in August, in comparison to the previous month and the same month last year. This rate is in fact the lowest joblessness rate the eurozone has reached since May 2008.
Olaf Scholz (SPD, l), Federal Minister of Finance and Bruno Le Maire (r), French Minister of Economics, will hold a joint press conference after the Eurogroup meeting. At the meeting on Friday night, the finance ministers of the euro countries made progress on the controversial euro zone budget. Photo: Arne Immanuel Bänsch/dpa
Olaf Scholz (SPD, l), Federal Minister o […]

Ministers fall short of finalizing eurozone budget plans

The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.