On 20 March, the European Commission (EC) suspended the Stability and Growth Pact—a set of fiscal rules designed to prevent...
News Category: Politics
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Euro Area: European Commission suspends budget rules in fight against coronavirus -
Greece: Authorities announce fiscal package to combat economic fallout from Covid-19 pandemic Over the course of March, Greek authorities announced a series of policy measures to mitigate the severe economic impact of... -
Slovakia: Center-right coalition takes office in the midst of Covid-19 crisis On 21 March, President Zuzana Caputova swore in the new center-right coalition government, led by Igor Matovic from the Ordinary... -
Canada: Government steps in to protect economy from Covid-19 pandemic In recent weeks, the government has announced fiscal stimulus measures worth roughly CAD 227 billion (USD 162 billion) to support... -
France: Government deploys aid package to contain the impact of the heath crisis On 17 March, the government announced extraordinary stimulus plans to minimize the blow on companies and consumers from the partial... -
Spain: Government unveils economic relief package to combat coronavirus crisis; outlook turns bleak In a bid to blunt the economic blow dealt by the country-wide lockdown imposed to contain the coronavirus crisis, on... -
Korea: Government passes supplementary budget and proposes additional emergency spending to combat Covid-19 Policymakers have needed all hands on deck in recent weeks, as the global spread of Covid-19 has weighed heavily on... -
South Africa: Moody’s skeptical over new budget which sees fiscal deficit widening to 28-year high In the annual budget presentation on 26 February, the government presented spending plans which sees the budget deficit ballooning to... -
Denmark: Government approves massive spending package to support economy In recent days, the government has approved fiscal stimulus measures worth approximately DKK 286.7 billion (USD 38.4 billion) to combat... -
Australia: Government approves first-aid stimulus package to cushion coronavirus blow Amid heavy stock market losses and in a bid to shield the economy from the impact of coronavirus, the government...