by Ulrike Guérot
In spite of all the hostility, including that of the "frugal four " (Austria, Sweden, Denmark, Netherlands), the Europe’s recovery package is a step in the right direction.
The corona pandemic and the immediate consequences of curfews across Europe last spring have seriously impacted the economies of the 27 member states. Although all countries are affected by the current economic crisis, the burden of the recession is not evenly distributed. Those who have suffered most from the coronavirus are also those who will experience the biggest economic slump. According to the forecast published on 7 July by the EU Commission, Italy's economic output is expected to fall by 11.2 percent this year, more than in any other EU state. For the EU as a whole, Brussels authorities are forecasting a minus of 8.3 percent, and a decline of 6.3 percent for Germany. Our four reports from Spain, Portugal, Italy and Greece, four countries that have suffered particularly from the euro crisis and the austerity programs introduced as part of it, show the social and economic consequences of the lockdown.
by Veronica Tosetti
Italian private initiatives try to make up for state deficits during the Corona crisis
by Cátia Bruno
Why the Portuguese stimulus package isn’t helping new enterprises.
by Sergio C. Fanjul
How the tourism slump affects the Spanish economy
by Stavros Malichudis
Tourism in Greece is getting going again, but slowly
by Damian Vodenicharov
The steps Bulgaria is taking towards full European integration.