Europe
Resources Per Country
- Albania
- Austria
- Belarus
- Belgium
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Gibraltar
- Greece
- Guernsey
- Hungary
- Iceland
- Ireland
- Isle of Man
- Italy
- Jersey
- Kosovo
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Macedonia
- Malta
- Moldova
- Monaco
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- San Marino
- Serbia
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- United Kingdom
- Vatican City
- Bosnia and Herzegovina
For households trying to balance their budget each month, the fact that European countries are incurring trillion-euro debts is dizzying, the New York Times reported. In France alone, the national debt has topped 2.7 trillion euros ($3.2 trillion) and will soon exceed 120 percent of the economy. But governments are far from worried about piling up debt right now, as rock-bottom interest rates empower them to spare no expense to shield their economies from the pandemic. Billions of euros are being deployed to nationalize payrolls, suppress bankruptcies and avoid mass unemployment.
Italy’s new prime minister, Mario Draghi, appealed on Wednesday for unity and sacrifice as the country pushes forward with vaccinations and seeks to seize on a $240 billion European relief package to overhaul the economy and address persistent inequalities, the New York Times reported. In his first speech as head of government, Mr. Draghi addressed the Italian Senate for an hour through a white mask before a confidence vote for a broad unity government that he is assured to win.