Public finances were already tight before the outbreak of the coronavirus pandemic, which, combined with the crash in oil prices,...
News Category: Politics
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Ecuador: Government announces relief measures amid oil price and coronavirus shocks; external debt challenges mount -
Colombia: Authorities roll out measures to mitigate economic impact from Covid-19 pandemic; credit rating downgraded amid increased risks... Since declaring a state of emergency on 17 March, the Colombian authorities have rolled out a wide set of relief... -
Poland: Government approves EUR 47 billion stimulus package to buttress economy against coronavirus blow On 30 March, Poland’s Parliament approved a PLN 212 billion (EUR 47 billion) stimulus package, including both wage support and... -
Hungary: Government announces relief measures to mitigate economic fallout from Covid-19 pandemic Over the course of March, the Hungarian government announced a series of policy measures to alleviate the economic fallout from... -
Germany: Government announces unprecedented fiscal aid package to combat Covid-19 In mid-March, the German government announced approximately EUR 1.1 trillion would be mobilized to combat the severe economic fallout of... -
Italy: Government approves EUR 25 billion stimulus package to shield economy from coronavirus blow In a bid to counteract the significant economic fallout from the coronavirus (Covid-19) pandemic, Italy’s government unveiled two stimulus packages... -
Euro Area: European Commission suspends budget rules in fight against coronavirus On 20 March, the European Commission (EC) suspended the Stability and Growth Pact—a set of fiscal rules designed to prevent... -
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... -
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...