German economy forecast to lag eurozone growth until 2026
The German economy is expected to significantly underperform the eurozone average until at least 2026, according to the European Commission's Autumn Forecast released on Friday.
Leaders across Europe on Friday marked the 75th anniversary of the end of the Second World War, as much of the continent remains under lockdown due to the coronavirus pandemic.
On May 8, 1945 Britain and its Allies formally accepted Nazi Germany’s unconditional surrender after almost six years of war, the BBC reported.
A two-minute silence will be held in the UK, followed by an address from Queen Elizabeth II.
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Closed ceremonies were also being held by the leaders of France and Germany, Emmanuel Macron and Angela Merkel.
To mark the occasion, President Macron will lay a wreath at the tomb of the unknown soldier in Paris.
The ceremony wil be closed to all but a small group of officials.
Chancellor Merkel will also lead a ceremony at Germany’s central War Memorial.
In Berlin, residents have been given an unprecedented public holiday, although this in not in place across the rest of the country.
Other events are also being held, but large public gatherings remain forbidden.
Meanwhile, a similar celebration, known as Victory Day, is held on May 9 in several former Soviet countries including Russia, Ukraine and Belarus, reports the BBC.
Russian President Vladimir Putin had planned to hold a major parade in Moscow on Saturday, but the event – showcasing over 15,000 troops – has been postponed due to the pandemic.
Instead, a military flyover will take place and Putin will lay flowers at a war memorial near Moscow’s Red Square.
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