In relation to GDP, Croatia, Bulgaria and Greece receive more non-repayable loans: 10% of GDP is reached. Italy wins the ranking in absolute terms, but free funds are limited to 1.9% of our economy. Austria, the Netherlands, Denmark and Sweden have red accounts. But the timing between collections and payments makes the difference.
General Affairs
Americans are voting this year in the midst of a severe pandemic, an economic crisis, and historic civil unrest. Now, with just weeks to go until the election, a fierce Supreme Court battle looms.
With the last meeting before the presidential election on November 3, the Fed yesterday set the tone for the next few weeks on the financial markets, which will be as tormented and nervous as its final statement which, like every three months, also provides macro estimates for the next three years.
The whole world is closely monitoring the possible evolution of the vaccine issue. With the increase (again) of cases in Europe and the worsening of the trend in many areas of the world, it seems that the only possible solution may be the vaccine.
In the face of global macroeconomic data in strong contraction, from production to export through employment, in the last few sessions the main financial markets have recorded strong increases, once again highlighting that they can run much faster than the real economy
Amid the literal pandemic and the bad shape of the economy, Nepal has a new obstacle to fight against. Landslides set off by heavy rainfall this weekend and killed many people and left many more missing in a hilly region of Nepal that borders Tibet.
Inflation in the euro area stood at 0.4% in July, rising from 0.3% in June and 0.1% in May. But the data released by Eurostat conceals profoundly different situations between individual countries.
In Nigeria, it is perhaps not the best of times to be a journalist or civil rights activist going by the spate of attacks on freedom of the press and speech.
Leaders of seven southern European countries on Thursday urged Turkey to end “unilateral and illegal activities” in the eastern Mediterranean and resume dialogue to ease tensions in the region.