Financial Crises

World Bank projects Covid-19 to push 100 million into extreme poverty

Bank says coronavirus pandemic inflicted a "swift and massive shock" causing broadest collapse of global economy since 1870.

European nations struggle to agree on terms of economic aid

European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.

Greece gets 8.5B euros plus promise of future debt relief

7.7 billion euros will come in early July to cover the repayment of 6.9 billion euros worth of maturing Greek debt and 0.8 billion of arrears. A further 0.8 billion euros would be disbursed after the summer.