With her long experience as German chancellor, she shapes a necessary compromise on virus aid for the battered European south. But it’s consensus at a cost.
Tag: Stimulus (Economic)
E.U. Adopts Groundbreaking Stimulus to Fight Coronavirus Recession
The $857 billion package includes unprecedented steps to help less wealthy countries, including selling collective debt and giving much of the money as grants, not loans.
European Union Leaders Meet to Discuss Coronavirus Recovery Plan
Domestic political pressures and longstanding cultural differences are putting a brake on Angela Merkel’s push for swift agreement.
Can Angela Merkel Seal Her Legacy With a Coronavirus Rescue Deal?
Angela Merkel has been the German chancellor for 15 years. Forging European consensus on a bitterly disputed recovery fund could burnish an uneven record.
Economic Giants Are Restarting. Here’s What It Means for Climate Change.
Want to know whether the world can avert catastrophe? Watch the recovery plans coming out now in Europe, China and the United States.
Modi Announces $260 Billion Coronavirus Rescue Package for India
He was scant on details. But the relief is more than economists predicted and comes as Indian cities are hemorrhaging jobs and workers.
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.
Trump Signs $2 Trillion Bill as U.S. Virus Cases Pass 100,000
President Trump, who had questioned the need for additional ventilators, pushed industry to make more. A new survey of mayors found dire shortages of urgently needed supplies.
Australia Says Goodbye to the World’s Longest Boom
Every nation confronting the coronavirus pandemic sees a recession in its future. But after nearly 30 years of economic growth, Australia is struggling to process surging unemployment and declining exuberance.
Coronavirus Live Updates: U.S. Cases Top 100,000; Trump Signs $2 Trillion Relief Bill
President Trump, who had questioned the need for additional ventilators, pushes industry to make more. A new survey of mayors finds dire shortages of urgently needed medical supplies. And in Britain, Prime Minister Boris Johnson tested positive.