European Union

Markets, member-states eagerly await comprehensive EU crisis plan from Eurogroup

Markets and all EU member-states, especially those in Southern Europe which like Greece seek some form of mutualisation of debt have been  focusing like a laser beam on today's Eurogroup meeting and analysts expect joint action to help prop up the economies of member states - possibly including even so-called coronabonds.

PLUS: Romania, designated by EC to buy, stock and distribute medical equipment for EU

Romania has been designated by the European Commission to buy, stock and distribute medical equipment for all the European Union countries affected by the novel coronavirus pandemic, the Save Romania Union (USR) - the Liberty, Unity, Solidarity Party (PLUS) Alliance announced on Tuesday.

Romania, below EU average, above Austria in terms of healthy years of life

Romania is below the European Union average when it comes to the number of years a person is expected to continue to live in a healthy condition at birth, but above other EU member states, such as Austria, Finland and Slovenia, show data released on Tuesday by Eurostat.

Joint liability bonds for a joint European defense against the pandemic

The problem. Mitigating the impact of the Covid-19 pandemic will require a significant increase in public spending to rescue sinking economies and further shield health systems. At the same time, tax revenues will be collapsing as long as economic activity remains suppressed. Budget deficits will inevitably swell, leading to soaring public debt.

Explainer: How euro zone 'coronabonds' might work

The coronavirus pandemic has revived the acrimonious debate between eurozone countries about jointly issuing debt to meet healthcare needs and address the deep economic downturn that is set to follow.

Nine of the 19 countries that use the single currency called on March 25 for a common debt instrument issued by a European institution to fight the outbreak and its effects.

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