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The COVID-19 pandemic may have opened a window of opportunity for the European Union to strengthen its fiscal cohesion and to put the climate transition on the right track.
The discovery in the last few years of large gas reserves in the region has whetted appetites in Ankara, which has been forcefully demanding its piece of the pie, even at the risk of contesting the limits of respective economic zones as well as provoking the EU’s intervention and threatening the region’s stability.
After observing a decline in 2020, the mechanical engineering industry in the EU is predicted to grow next year, in spite of the impact of the COVID-19 pandemic.
The COVID-19 crisis will lead to a sharp contraction of GDP in all EU member states. From billions for airlines to several hundred euros for small businesses, governments have been supporting their economy in different ways.
European countries are not all equal in the face of the Covid-19 crisis. Both the impact of the epidemic and responses to it have differed greatly, as this overview by Alternatives Economiques shows.
Migrant workers’ remittances are economically indispensable to many countries. However, across the world remittances will decline by about 20 percent in 2020 due to the pandemic.
The Covid-19 crisis brought about unprecedented reductions in CO2 emissions and energy consumption, benefiting renewables. This effect may be temporary however – but it could also mark the beginning of an ecological transition compatible with safeguarding the planet.
Most of the drugs sold worldwide come from India and China, where production is cheapest. As a result, Europe’s supply of medicines is in the hands of a few companies.
The proportion of people living at risk of poverty has dropped in most European countries over the last five years. But a few countries counters this trend, and large gaps remain within nations. In this report we look closer at the risk of poverty across Europe.
According to researchers from the Croatian Institute of Public Finance, even if the health crisis improves very quickly, a difficult year lies ahead for the country.