You are here

Pandemic putting millions of Europeans on path to a debt crisis

BT_20200811_SMLDEBT11_4199558.jpg
A homeless man begging in Dortmund, Germany. The OECD warned last month of a particularly severe impact on low-earners, women, migrants and young people. They are less likely to be able to work from home during lockdowns, and are often employed in sectors hit hardest by the coronavirus.

Brussels

MORE economic upheaval is on the horizon in Europe as plans to end the unprecedented support for workers during the coronavirus pandemic threaten to tip millions of households into a debt trap.

Organisations that help individuals sort out their financial problems are...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes