Tag Archives: commission

The European Commission expects the eurozone economy to grow by 5% in 2021, 4.3% in 2022, and 2.5% in 2023. According to the Commission, the labor market in the euro area is witnessing a remarkable improvement with the creation of 1.5 million new jobs, and the labor market will complete …

The European Commission is out with its latest quarterly economic projections, raising the Eurozone growth and inflation estimates for this year while warning about the risks posed by new variants of the coronavirus. Raises forecast for Eurozone GDP growth to 4.8% in 2021 from 4.3%, to 4.5% in 2022 from …

The European Commission proposed that Member States ease the current restrictions on non-essential travel into the block for those who have been vaccinated. The travel ban has been in place for over a year amid the continuous surge in COVID-19 cases. The announcement raised prospects for the gradual reopening of …

The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058. “EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.” “Borrowing to …

The European Union’s budget rules should remain suspended in 2022 but they could be reinstated in 2023, the European Commission said on Wednesday, as reported by Reuters. “Overall fiscal impulse, stemming from national budgets and the EU recovery fund, needs to remain supportive in 2021 and 2022,” the statement read. …

The European Commission has warned some preliminary national plans to spend the covid recovery money lack detail and need to be improved, Reuters reports, citing sources with knowledge of the matter. “EU commission has said the net paying countries would reject plans if not accompanied by reforms.”

A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.

A spokesperson for the European Commission said on Tuesday that they have not yet found a solution on fisheries with Britain, as reported by Reuters.  “Britain has not replied in time to the EU letter concerning the breach of the Withdrawal Agreement,” the spokesperson added. “The Commission will consider the …

“Sees EU area 2020 GDP at -8.7% vs. the previous forecast of -7.7%.Cuts Spain growth estimate for 2020 To -10.9% from -9.4%.Downgrades Italy growth estimate for 2020 To -11.2% from -9.5%.2021 forecast now at 6.1% from 6.5%.Downgrades French growth estimate for 2020 To -10.6% from -8.2%.Upgrades German growth estimate for …