With governments under intense spending pressure to cope with the coronavirus, European ambitions for a more independent defense are facing the chop.
Tag: Budgets and Budgeting
Will the Coronavirus Crisis Trump the Climate Crisis?
The battle over how to spend recovery funds — to quickly restore the old economy or invest in a greener one — will define the post-pandemic world.
E.U. Moves to Shore Up Economies Reeling From Virus
As the leaders of the European Union’s 27 countries approved a half-trillion euro bailout package Thursday night, their attention immediately turned to what to do next, where much disagreement remains.
What Does The World Health Organization Do?
Though President Trump’s decision to halt funding centered on the W.H.O.’s response to the coronavirus, the cut could affect programs like polio eradication and developing vaccines.
Germany Bans Groups of More Than 2 to Stop Coronavirus as Merkel Self-Isolates
Chancellor Angela Merkel went into isolation after learning that her doctor had tested positive.
Modi’s Budget Offers Few Solutions to Revive India’s Weak Economy
As the slowing economy threatens Prime Minister Narendra Modi’s grip on power, the government unveiled a modest budget that one economist called “smoke and mirrors.”
Facing ‘Cash-Flow Crisis,’ the U.N. Cuts Hiring, Heating, Escalators and the A.C.
The organization said it was quickly running out of cash largely because a number of countries, chiefly the United States, have not paid all their annual assessments.
Greece’s Experiment With Populism Holds Lessons for Europe
Greece’s radicals won praise for transforming themselves into a mainstream party of the center left. But the country’s economy has suffered greatly under their leadership.
Austerity Has Ravaged U.K. Communities. It Has Also Spurred Reinvention.
As local governments across Britain grapple with shrunken budgets, many are going into business, funding cooperatives and speculating in real estate.
European Union Warns Italy to Reduce Spending and Borrowing
The warning by the European Commission was expected in the face of a populist government that intends to cut taxes and increase spending and despises Brussels.