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Economic crisis

Europe News

Spain grinds to a halt in first general strike in 14 years

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Economy

US economists win economics Nobel Prize for stabilisation models

The economics prize is the only Nobel not among the original five created in the will of Swedish scientist Alfred Nobel, who died in 1896.

12 October 2026

Business

Fuel prices in Italy: tax cuts end, diesel rises and hauliers threaten strikes

With tax breaks expiring and the decree on flexible excise duties delayed, diesel prices are rising again. The haulage sector warns of a strike as the government summons oil companies that have introduced initial capped prices.

Economy

France's sovereign debt crisis explained: How dangerous could it be?

French borrowing costs hit their highest level since 2002, and the gap with Germany is the widest since 2011. What is driving France's debt crisis and how far could it go?

Business

Fuel prices over €2 per litre: Who foots the biggest bill in Portugal?

From fishing to agriculture, and from freight to passenger transport, many sectors have felt the impact of sharp fuel price rises in Portugal since the start of the Iran war.

30 September 2026

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Europe News

Spanish government unveils new measures aimed at easing housing crisis

The government has been facing growing pressure from a housing protest movement amid high costs and public outcry over the eviction of an 87-year-old woman.

29 September 2026

Bolivia

Congress ratifies $1.9 billion IMF deal to ease deep economic crisis

La Paz hopes the deal, awaiting final authorisation by the IMF’s executive board, will open other lines of finances from different institutions, like the World Bank, as the country works to restore its struggling credit status.

19 September 2026

Iran

Kilometre-long petrol queues in Iran signal further strain on Tehran

Lines formed outside Tehran petrol stations from midnight as a daily shortfall met with panic buying, while officials denied a shortage and said prices would have to change, without clarifying when or by how much.

Iran

Iran calls for end to war from 'position of power' as US ups pressure

President Pezeshkian said Iran was in a position of "power and dignity" and should end the war on its own terms, even as Washington prepares to ramp up economic sanctions it described as "Economic D-Day."

Europe in Motion

How many EU citizens are unable to afford a holiday away?

The number of EU citizens who can afford a week off varies across the bloc, with the rising costs of accommodation, transport, and food cited as reasons for holiday poverty.

Travel News

Holidays remain out of reach for millions of Spaniards

As Spain nears a record for foreign tourists, OCU tells Euronews that "holidays should not be a luxury" as rising living costs force many families to skip a break.

Venezuela

Venezuela calls for release of frozen assets to help quake recovery

Meanwhile, the United Nations launched an urgent appeal on Wednesday to raise €259 million for relief operations.

Europe News

Porsche plans Cayenne return to Leipzig as staff face pay cuts

The Cayenne is set to return to Germany. But the planned move of production to Leipzig apparently comes at a high price, with staff expected to give up part of their pay.

Business

Spaniards now spend half their salary on rent

An estate portal study shows the average wage share has risen 12 percentage points since 2019. Madrid and Catalonia, with 70% of pay, top the regional ranking.

Economy

Where in Europe do households save most of their income?

Net household saving rates vary widely across Europe, with Greece being the only country where households spend more than they earn. Experts point to precautionary reasons and retirement as the dominant saving motives.

Business

Average rent now eats up 98.7% of young people's wages in Spain

The youth emancipation rate fell to 14.5% in 2025, the worst figure on record, says Spain's Youth Council, adding that a young person must spend almost all their wages to rent a home alone.

Interview

Global shocks will slow down economic growth in Africa, IMF warns

According to the IMF's report, regional growth is expected to decline by 0.3 percentage points, and some 20 million people in Africa now face the risk of food insecurity as the Iran war raises energy and food prices.