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The airline industry could be facing bankruptcy by May if it does not get help, the Centre for Aviation said (Photo: Andy Mitchell)

EU struggles to contain corona economic fallout

The EU is scrambling to find tools to offset the massive economic fallout of the coronavirus crisis - which could likely require a global effort.

"This global health crisis has a severe effect on our economies," EU commission president Ursula von der Leyen confirmed on Monday (16 March).

"It is time to support our economies with determination, […] we need to focus on investing whatever is necessary to have the economy going on further," she added.

Eurozone finance ministe...

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

The airline industry could be facing bankruptcy by May if it does not get help, the Centre for Aviation said (Photo: Andy Mitchell)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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