Under McKinsey’s pessimistic scenario, in which severe social distancing restrictions are maintained through the summer to contain the spread of the virus, EU unemployment could double to 11.2 per cent by next year and would be unlikely to return to pre-crisis levels until 2024.
The European Commission rejected the Italian budget in October, saying it would not lower the country’s huge debt and declaring it in clear breach of EU fiscal rules. Rome submitted a revised plan last week with a lower deficit.
The Commission confirmed its assessment that "Italy's draft budget plan is in particularly serious non-compliance" with EU debt rules, Commission Vice President Valdis Dombrovskis said in Brussels.
Denmark was followed by Luxembourg (127 percent), Ireland and Sweden (both 125 percent), Finland (122 percent) and the United Kingdom (117 percent).
For the past 12 months, the growth rate was 2.5%.
The ways for potential cooperation and several other matters of bilateral interest also were discussed.
At present, there are an estimated 110,000 Monarch customers that are currently abroad. The UK Government has asked the CAA to coordinate flights back to the UK for all Monarch customers currently overseas.
Before the Association Agreement enters into force, the European Union set trade preferences for Ukraine for a three-year term on certain agricultural products. The quota limit for trade preferences was due to the lack of a number of European standards, including sanitary and phyto-sanitary ones.
Switzerland together with Norway and Denmark had the highest price levels for food and non-alcoholic beverages in Europe. Macedonia, Poland and Romania had the lowest prices.
The euro is one of Europe's most significant achievements. It is much more than just a currency. It was conceived as a promise of prosperity. To keep that promise for future generations, we need the political courage to work on strengthening and completing Europe's Economic and Monetary Union now.
The European Central Bank sought in 2011 to require euro-denominated clearing to be performed in the single currency area, but was overruled by the European Court of Justice in 2015 on the grounds that this would conflict with the rules of the single market.
In its Spring Forecast released today, the European Commission expects euro area GDP growth of 1.7% in 2017 and 1.8% in 2018 (1.6% and 1.8% in the Winter Forecast).
The new note, orange-brown in color, has raised print and a transparent window featuring a picture of "Europa," the Greek goddess from whom the continent takes its name, on a metallic strip.
The new plastic notes are 15 per cent smaller than the old paper ones (these will cease to be legal tender in May 2017) and will feature Sir Winston Churchill, replacing the image of English prison reformer Elizabeth Fry.
Norway and Denmark have also introduced such restrictions.
The sources reports that the waivers come against a backdrop of rising anti-EU and anti-austerity sentiment across Europe and follow a decision to grant France similar leniency when it missed deficit targets last year.
EU rules stipulate fines of up to 0.2 percent of a country’s GDP.
The document has revealed a number of problematic issues, which have become an active topic of discussion and, in a sense, confirmed the criticism previously raised by the TTIP skeptics.
Previously, Bettel announced he would discuss with the Russian leadership such pressing issues on the international agenda as the Ukrainian and Syrian crises, immigration and terrorism.
Any of the countries would likely want to leave the eurozone, not because of the fact that it, like Greece, was in a desperate situation, but because it would take this step in order to more effectively address its problems
Farmers in France have blocked roads in the north and west of the country over falling food prices.
Any political solution has direct impact on the stock market. In this case pan-Euroepan FTSEurofirst 300 index rose by 0.8 percent. The revenue from this stock was more than 2 percent on Monday. Greek stocks rose by 2.7 percent.
"Vulnerabilities remain and deep structural problems persist, so additional efforts will be needed to sustain robust growth over the medium term," the IMF report told.
Although European officials want the TTIP to be successful, in the same time they do not want to lower the EU standards.
The extreme volatility in global capital markets that shows signs of reduced liquidity is not related to QE.
The current Ukrainian or "northern" route is expected to be closed in the coming years.
The demand for total gold and coins has increased by 20 percent in Germany.
Mark Carney, the governor of the Bank of London has announced that cheap foreign labour has not damaged UK economic productivity.
Last year Finland’s budget deficit was 3.2 percent of GDP, and it is set to rise to 3.3 percent this year. Public debt is estimated to hit 62.6 percent this year and 64.8 percent the following year.
Radical Left side government of Greece managed to scrape enough cash on Monday in order to implement the repayment of 750 million euros of IMF loans.
The people are against privatization of medical services.
The "Turkish Stream", Nikolich underlined that the pipeline must be passing through Greece to Serbia, but in this case the Serbian side will have to finance the construction on its own. As it is not beneficial for the country it will not be a transit country but will buy gas as an ordinary consumer.
"One priority beneficial to both will be the expansion of trade as and when conditions allow," Gordon Wilson said.
Official data has shown that consumer prices have been changed in the Eurozone in April.
The overall global growth is forecasted 3.5 percent for 2015
France does not agree with the maintained sanctions against Russia.
The EUR/USD relationship develops the way predicted by European Central Bank.
France has two year extension to bring its budget deficit below the EU ceiling of 3% of GDP.
There is a forecast for industrial output to expand 4,4% for this year.
Greece spends 24.8% of its GDP and Ireland 37.7% of its total output.
Germany shipped goods aboard worth 76.5 billion euro in February.
Financial and debt crisis is the biggest burden for the zone countries that cause an increase of unemployment.
Turkey and the EU are preparing to build up their old customs union.
German policemen were forced to use gases and water cannons, in the result of which several demonstrators were injured .
The decision of three European countries to become members of the AIIB was "a major diplomatic setback" for Washington, which previously questioned if the new bank will have high standards of governance and environmental and social safeguards.
It seemed like the EU was not so much surprised by this move which became a moment of perplexity. So can this move be named another wake-up call for the European Union?
The euro fell as low as $1.0560 and it is expected soon to be equal with dollar.
Living cost in Yerevan is much lower than in the capital of France.
The idea of undercover tax collectors, which suggest to hire tourist to work temporarily as undercover tax collectors, seems very unserious and skeptic for Eurogroup members.
The ECB warned that it had started purchases along with national central banks.
President of ECB is optimistic to call governments to guarantee growth by making their economies more flexible.
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