Bloomberg Budget restrictions for European Union (EU) member states will apply again after the coronavirus-driven recession is over, European Commission Executive Vice President Valdis Dombrovskis said in an interview with Corriere della Sera. The EU’s stability pact — rules to ensure members pursue sound public finances and coordinate fiscal policy — remains active, Dombrovskis said in the interview, specifying that ...

Bloomberg The German economy will recover from coronavirus crisis and resume growth by October “at the latest,” Economy Minister Peter Altmaier told Bild am Sonntag. Altmaier expects the German economy to grow by more than 5% in 2021 after shrinking 6% this year, the newspaper cites him as saying in an interview. The minister sees the number of jobless in ...

Bloomberg Bikes are increasingly muscling aside cars on Europe’s city streets, as coronavirus accelerates a shift towards pedal power. Even before the pandemic, bicycles were enjoying an uptick in demand from environmentally conscious consumers, but the risk of contagion on buses and subways increased the appeal. The emergence of e-bikes, which boost power with an electric motor, has removed some ...