Tag Archives: News from Europe

The unemployment rate in the euro area rises to 7.4% in May

A protester at the picket line wears a written helmet without layoffs during a demonstration in Spain. SOPA Images The unemployment rate in the euro zone reached 7.4% in May, as the region is dealing with the Covid-19 economic shock. It comes after several European economies took their first steps …

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Former ECB member Benoit Coeure warns of corporate insolvency looming

Certain companies risk becoming insolvent as governments speed up fiscal support, a former member of the European Central Bank warned Tuesday. Many governments have deployed a massive fiscal stimulus to mitigate the economic consequences of Covid-19. In most cases, this has allowed companies to avoid bankruptcy and employees to have …

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Spain, Ireland, Luxembourg fight for work

This combination of archive images taken on June 10, 2020 shows (LR) to the Luxembourg Minister of Finance, Pierre Gramegna, on December 4, 2017, in Brussels; The Minister of Economic Affairs of Spain, Nadia Calvino, on June 8, 2018 in Madrid; and Irish Finance Minister Paschal Donohoe on October 8, …

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