Thursday

6th Aug 2020

EU forecasts deeper recession, amid recovery funds row

The economies of France, Italy and Spain will contract more then 10-percent this year, according to the latest forecast by the EU executive, as it urges member state governments to strike a deal on the budget and recovery package.

Opinion

Italy has a responsibility, too

Little wonder the leaders of Austria, Denmark, the Netherlands and Sweden are unwilling to sign off: they're not going to give money so the Italians can fund a tax cut in the middle of an economic crisis.

Opinion

The three 'Elephants in the Room' in EU-India relations

A revamping of Indian and EU strategic priorities - coupled with wariness of Chinese expansionism in the absence of American leadership - is pushing them both to seek like-minded partners elsewhere.

Facebook cries foul on EU request for internal documents

Facebook, a US tech giant known for abusing its users' private data, has filed a complaint at the EU court in Luxembourg, saying the EU Commission's data request was too broad and would affect its employees' medical and financial information.

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Coronavirus

Spain fears tourism blow amid 'second wave' measures

Several European countries are now warning citizens not to visit Spain, after an increase in Covid-19 cases this month. However, Spanish foreign minister Arancha González Laya has insisted that Spain is still "a safe country".

Top EU officials urge MEPs give quick budget-deal approval

MEPs criticised the EU deal on the budget and recovery package clinched by leaders after five days of gruelling talks, saying it is not enough "future-oriented", and cuts too deeply into EU policies, including health, innovation, defence and humanitarian aid

EU states agree on corona hygiene standards for aviation

German transport minister, Andreas Scheuer, announced that EU member states have agreed on common hygiene standards on planes and airports - as major airlines are calling for a joint coronavirus-testing programme in order to resume trans-Atlantic travel.

EU Parliament gears up for fight on budget deal

European parliament president David Sassoli said certain corrections will have to be made in the budget, citing research and the Erasmus program for students, calling the cuts "unjustified".

EU leaders agree corona recovery after epic summit

After gruelling five-day talks, EU leaders agreed on €390bn in grants and €360bn in low-interest loans to hardest-hit member states - after much opposition from the Dutch-led 'frugal' bloc of countries.

EU summit enters fourth day with recovery deadlocked

After bilateral negotiations continued all Sunday night, mostly to try to convince the 'Frugal Four' to move their red lines, European Council president Charles Michel is expected to table a new proposal on Monday afternoon with €390bn in grants.

EU leaders face off over corona bailout summit

EU leaders will face difficult and fundamental issues on Friday-Saturday (17-18 July), when they attempt to agree on the planned seven-year €1.07 trillion budget and €750bn recovery package.

Michel lays out compromise budget plan for summit

Ahead of expected tense discussions next weekend among EU leaders, European Council president Charles Michel tries to find common ground: the recovery package's size, and grants, would stay - but controls would be tougher.

Interview

Chinese ambassador: We must safeguard Hong Kong security

In an interview with EUobserver, Chinese ambassador Cao Zhongming, talks about Hong Kong, disinformation, "unabashed bullying by the United States" on Huawei and on the role of the EU in the world.

Coronavirus

EU leaders to reconvene in July on budget and recovery

Most EU leaders want an agreement before the summer break, but the Dutch PM, leading the 'Frugal Four', warned there might not even be a deal then. But the ECB's Christian Lagarde has warned of a "dramatic" economic fall.

Coronavirus

EU leaders seek to first narrow differences at summit

EU leaders on Friday will share their takes - online - on the €750bn recovery and €1.1 trillion budget plans, before they try to seal the deal at one or two likely head-to-head meetings in July.

EU plans tougher checks on foreign takeovers

The EU and its member countries are worried that foreign powers, such as China and its state-owned companies will take advantage of the economic downturn and buy up European firms

Opinion

EU budget: Don't repeat the austerity of 2008

European leaders have a historic choice on Friday when they dial-in to discuss how to stop a health crisis turning into a social one: will they learn the lessons of 2008, or opt again for austerity and short-term self-preservation?

Coronavirus

EU still divided on recovery but Denmark relaxes position

Ahead of EU leaders' first online discussion on the EU recovery and budget plans, EU countries remain divided on the key issues in the economic package. They will need to hammer them out in person in July.

Coronavirus

EU Commission slammed for Covid-19 'mid-threat' ranking

The European Commission classified on Wednesday the coronavirus as a "mid-level" threat to workers, drawing criticism from socialist lawmakers and trade unions because the decision allows businesses to apply less stringent safety measures in the workplace.

Vestager hits back at Lufthansa bailout criticism

Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.