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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.

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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)

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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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