European banks are facing a cash flow crisis of $1.2 trillion. In particular, they have to pay back about €478 billion of ultracheap loans issued by the European Central Bank ( ECB ). What’s more, they have to be paid back by the end of June. In fact, the loans were part of a program, known as targeted longer-term refinancing operations ( TLTROs ). However, the program is coming to an end. Therefore, they could increase the pressure on more fragile eurozone banks and economie

Author: Metka Volmajer As unemployment persists in this economy, many countries have taken the initiative to support citizens who face these challenges. Despite unemployment being a global occurrence, the approach of each nation differs. For instance, many established systems go above and beyond for those in the phase of unemployability . Between financial support , job-seeking assistance , and healthcare provisions , we explore the five countries with extensive welfare p