Europe Plunges Into Recession as Economy Suffers Record Contraction

FRANKFURT—Stringent lockdowns to prevent the spread of Covid-19 weighed heavily on Europe’s economy in the second quarter, causing a record

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Italy Approves Coronavirus Spending Package

ROME—The Italian government approved a new €25 billion ($28.94 billion) spending package late Wednesday, a day after European Union leaders agreed on

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How Angela Merkel’s Change of Heart Drove Historic EU Rescue Plan

Europe’s €750 billion economic rescue was secured by an unlikely champion: German Chancellor Angela Merkel, who after years of opposition

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European Union Spending Plan Offers Lifeline to Troubled South

Politicians and investors cheered the historic agreement among European Union leaders to throw southern members a €750 billion ($862 billion)

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