Economy of the European Union

Eurozone jobless rates fall to 12-year lows

Unemployment in the eurozone fell to a 12-year low in February, the month before coronavirus containment measures began to be introduced widely across Europe.
The jobless rate was 7.3 percent in the 19 countries sharing the euro currency, the lowest level since March 2008, European Union statistics office Eurostat said on Wednesday.

New eurozone ‘coronabonds’ body might take three years to set up, says Regling

A new mechanism to enable the issuance of joint eurozone debt to counter economic fallout from the coronavirus epidemic - as recommended by nine European leaders - could take up to three years to set up, the head of the bloc's bailout fund said.