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 economies. J

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