2 Aug 2020
The coronavirus pandemic caused the largest GDP drop ever recorded for the 19 EU countries using the euro as currency, according to estimates. The eurozone economy has shrunk by over 12%, with Spain bearing the brunt.
15 Mar 2020
The COVID-19 shock to the global economy is forcing the European Central Bank to open its monetary spigots further. But unlike in previous crises, the ECB is short of ammunition as it faces a looming recession.