Friday

5th Mar 2021

Ticker

Pandemic added €20 trillion to the global debt

The Covid-19 pandemic has added €20 trillion to global debt over the last year, a new study has shown, leaving it at a record €233 trillion and the worldwide debt-to-GDP ratio at over 355 percent, Reuters writes. The Institute of International Finance's global debt monitor estimated government support programmes had accounted for half of the rise, while firms, banks and households added €4.5 trillion, €3.2 trillion and $2.1 trillion respectively.

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Coronavirus

Worries on Europe's infection surge, after six-week drop

The World Health Organization warned of a surge in new coronavirus infections across Europe, pointing out healthcare systems should not be under pressure in some countries. Meanwhile, the European Medical Agency is reviewing Russia's Sputnik vaccine.

EU Commission cannot hold Frontex to account

MEPs probing the EU's border agency Frontex cross-examined the agency's director. They also spoke to EU home affairs commissioner Ylva Johansson, who made it clear she had little sway over the agency.

Opinion

Orbán leaves EPP group - the beginning of a long endgame

Aside from the EPP, Hungary was also protected - at a member states' level - by key bilateral partners; and not only illiberal countries like Poland, Bulgaria or recently Slovenia - but most importantly also by Germany.

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  1. China and Russia abusing corona for geopolitics, Lithuania says
  2. Worries on Europe's infection surge, after six-week drop
  3. EU wants large firms to report on gender pay-gap or face fines
  4. EU Commission cannot hold Frontex to account
  5. Orbán leaves EPP group - the beginning of a long endgame
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  7. Austrian ex-minister joins list of EU's pro-Kremlin lobbyists
  8. Internal Frontex probe to deliver final report this week

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