Currency

EU exec to propose 1 trln euro recovery plan with grants and loans

The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday.

Dombrovskis, speaking after a meeting of EU finance ministers, welcomed a proposal by France and Germany for a 500 billion euro fund to disburse grants to worst-hit regions and sectors.

Japan is Beginning to Pay $ 930 to Every Citizen

Japan will begin to pay 100,000 yen (about $ 930) in financial aid to each citizen in May, Tarō Asō, the country's deputy prime minister and finance minister, told a news conference in Tokyo.

The aim is to help all families, regardless of income, in dealing with the damage the coronavirus epidemic has caused to the country's economy.

In ‘crucial week’ Mitsotakis braces Greeks for coming economic crisis, outlines measures

The coronavirus epidemic is subsiding, but the war is not won yet, Prime Minister Kyriakos Mitsotakis said in a televised message this evening, thanking the Greek people for their trust and discipline and calling on them to continue to respect restrictive measures.

State to bridge gap left by private sector

From mid-March up until the end of May at the earliest, the state looks set to be the main - if not the only - income provider for about 3 million households in Greece, or 70 percent of all families.

The reduction of the private sector's contribution toward the country's total income is unprecedented and the gap will have to be bridged (although not covered) by the state budget.

The battles of the day after

The coronavirus will at some point go away. The big question is what the pandemic will leave in its wake, here in Greece and the rest of the world. It is too early to make predictions but it's almost certain that only a few things will stay the same.

PM Borissov: Bulgaria will Apply for the ERM 2 by the End of April

"I shouldn't have to bend over to the Eurozone waiting room. You see how much money they are allocating. Bulgaria has an excellent financial and economic structure and has to meet only one requirement, in order to join ERM2 and we will do it immediately - we will apply for the Eurozone again.

Pages