Friday

29th Mar 2024

Ticker

Coronavirus: 500m people at risk of poverty, says Oxfam

The pandemic may push a half billion people into poverty globally, says international aid agency Oxfam. In a briefing paper, it says the number of people living in poverty could increase between 6.2 million and 13.1 million in Europe and Central Asia alone. To stem poverty in the EU, it recommends the mutalisation of debt, 'helicopter money' from the European Central Bank, an EU solidarity wealth tax, among other ideas.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us