Public finance

Millennial Blues: Pandemic Delivers Greece’s Stricken Generation Another Blow

Economic output is predicted to fall by 9.7 per cent, while unemployment, which had fallen below 20 per cent, is expected to return to over 20 per cent once again.

Stress and insecurity - but also hope

Alexandra Banou. Photo: Courtesy of Alexandra Banou

Coronavirus epidemic in numbers

The ranks of the jobless swelled from EUR 77,484 at the end of February to 88,648 by the end of April, according to Employment Service figures.

Growth slowed in May, but the jobless total has already exceeded 90,000 and many more are expected to be laid off in the coming months.

FinMin Citu: It's first time in history when fiscal, monetary policy work almost perfectly

It's the first time in history when fiscal and monetary policy work nearly perfectly, stated, on Monday evening, at private broadcaster B1TV, the Minister of Public Finance, Florin Citu, mentioning that the message given by the National Bank of Romania (BNR) is very important. "Besides the relaxed fiscal policy we now have another impulse.

FinMin Citu: Budget revenues in May will not look very good, strong June is needed

Budget revenues in May will not look very good, so fiscal and monetary policies need to be relaxed even more, so that revenues in June are very good, the Minister of Public Finance Florin Citu said on Friday to the private TV broadcaster Digi 24. "In April, in the midst of an overlapping crisis, both economic and health, we managed to collect more to the budget than last year.

Eurostat: The Highest Share of Expenditure on Fire-Protection Services is in Bulgaria

Firefighters are one of the groups in the forefront of the coronavirus crisis response. In many countries they are involved not only in their traditional role, but also in helping to assure other essential services to their communities such as driving ambulances, delivery of medicines and food, covid-19 testing or retrieval of the deceased.

A response to the corona crisis in Europe based on solidarity

In a article co-authored by German Finance Minister Olaf Scholz and German Foreign Minister Heiko Maas the two ministers table a number of ideas on how the EU can get by through and after the coronavirus pandemic and grapple with its enormous social and economic repercussions in a spirit of solidarity that is needed to keep the Union together.

PM Orban says not favouring austerity measures, price freeze

Prime Minister Ludovic Orban said on Thursday that over 30% of the Romanian economy is affected by the novel coronavirus epidemic, noting that he is not favouring austerity measures or price freeze. "Given that a large part of the economy has been affected by the epidemic, it is clear that economic growth will be affected.

Inflation targets as focal points: Revising the ECB’s monetary framework

The toughest job central banks face in the next five years is managing uncertainty. In the euro area, inflation is persistently low and the ammunition available to raise it is minimal. Meanwhile, structural changes, including the rise of the digital economy and its effects on productivity, and the threat to global open trade, imply that we do not know how the economy will work.

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