Stay updated with breaking news from Eu Recession. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The 27-member bloc predicts marginal growth of less than one percent this year, raising concerns about potential economic challenges aggravated by risk factors like inflation, escalating geopolitical tensions in the Middle East, rising wages, strikes and cuts to energy subsidy programs.
European Union (EU) member states have agreed on a €50 billion ($54 billion) support package for Ukraine over four years, overcoming Hungary's resistance. But where will the EU get that money?
Farmers have gone on strike across Europe against cuts to government subsidies and green policies and taxes they say are driving them out of business.
The German economy is set to contract in the fourth quarter of 2023, but it'll be 'less worse' than initially anticipated.
The German government has set a goal of creating a "powerful Bundeswehr" (armed forces) that can defend itself and wage war for European "security and freedom" amid the Ukraine conflict. Is this ambitious goal achievable?