Financial news

Euro zone set for deeper recession, weaker rebound

The euro zone economy will drop deeper into recession this year and rebound less strongly in 2021 than previously thought, the European Commission forecast today, with France, Italy and Spain struggling the most due to the Covid-19 pandemic.

Watch: Covid-19 committee hears Govt debt 'affordable'

Governor of the Central Bank Gabriel Makhlouf has told the Dáil's Special Committee on Covid-19 Response that the rise in Government debt is "warranted, necessary and affordable".

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