Pandemic puts Europeans on path to debt crisis


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 warning of a sharp increase in the number of families burdened by bills they can’t pay. Even in savings-rich nations such as Germany and Austria, citizens are starting to worry.

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