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The European economy is going through a historically difficult period, whether you look at measures of GDP, exports, or consumer confidence. Now, signs are beginning to emerge that the struggle ...
The German economy, Europe's largest, also contracted 0.2% for all of 2024, the second straight year of declining output. And the outlook for this year isn't much better. The government slashed ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
On 14 September 2011, in a move to further ease Ireland's difficult financial situation, the European Commission announced it would cut the interest rate on its €22.5 billion loan coming from the European Financial Stability Mechanism, down to 2.59 per cent—which is the interest rate the EU itself pays to borrow from financial markets. [130]
2008–2010 automotive industry crisis; Global catastrophic risk; Social situation in the French suburbs; Causes of the Great Recession; Great Recession in Europe; 2010 European sovereign debt crisis timeline; 2008 financial crisis; Russia–Ukraine gas disputes; Fuel protests in the United Kingdom; 2008 European Union stimulus plan; 2020s in ...
To help ailing local councils, the government said it will deliver £64 billion ($80 billion) in funding for the current fiscal year, in hopes that will ease their financial crunch. This story was ...
In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...
Europe’s biggest automaker, Volkswagen (OTC: VWAGY) is considering plant closures for the first time in its 87-year-old history. But Volkswagen is merely a reflection of a struggling European ...