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Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output. Gross domestic product in the 20-country eurozone ...
Europe is suffering from an innovation deficit and weak productivity, putting the region’s economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence.
The outlook was lowered to 0.6% from 0.8% for the 20 countries that use the euro currency, and to 1.2% from 1.3% for next year, the commission said Wednesday in its autumn economic forecast, which ...
Europe This Week is a business news show aired on CNBC Europe and on CNBC World in the US, co-presented by Guy Johnson and Louisa Bojesen, from 6pm to 6:30pm CET (12pm to 12:30pm EST) on Fridays. The programme, presented from CNBC Europe's London studios, examines stock markets and the economy in Europe during the past week, and sets the agenda ...
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [51]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
It invests in every EU country, supporting the economy of the EU as a whole. 6% of the EU budget goes for the administration of all the European Institutions, including staff salaries, pensions, buildings, information technology, training programmes, translation, and the running of the European School system for the provision of education for ...