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Eastern EU economies may rebound quickly in 2021

Location:

EUROPE

Following sharp contractions across Europe in the second quarter of 2020 and a strong rebound in the third, most CEE countries have been able to maintain some momentum in…

Lifting COVID-19 measures may hit resilient eastern EU

Location:

EU

Available second-quarter data indicate a shallower recession in most of the eleven eastern EU member states (EU-11) than the rest of the EU in January-June. This may be due to a…

New Romanian coalition will retreat from reform

Location:

ROMANIA

This autumn, bitter conflict between the National Liberal Party (PNL) and the Save Romania Union (USR) ended a brief period of centre-right rule, after years of domination by the…

Generous EU funds will help Greece through 2021-22

Location:

GREECE/EU

Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…

EU drought response may focus on short-term fixes

Location:

EU

The resulting drought in many parts of the continent and its impact on agriculture have highlighted the threat posed by climate change to future food production. It has also…

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

New Romanian cabinet's economic agenda may falter

Location:

ROMANIA

The cabinet reshuffle is part of the coalition deal between Ciuca’s National Liberal Party (PNL), Ciolacu’s Social Democratic Party (PSD) and the Democratic Alliance of Hungarians…

Price cap on gas will divide EU member states

Location:

EU

Although member states agree in principle on the need to overhaul gas markets and strengthen resilience, the EU is divided between German- and French-led blocs on the price cap…