The Conference of Peripheral Maritime (CPMR) says it welcomes the political agreement reached by the European Parliament and the EU Council on the Multiannual Financial Framework 2021-2027. The deal marks a decisive step towards providing the regions with adequate and timely means to deliver the recovery in this uncertain moment. The agreement foresees to reinforce…
The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence of the pandemic…
The Eurogroup says it had a thorough discussion on the economic outlook in view of current COVID-19 developments. On Tuesday, the Eurogroup was briefed by the Director of the European Centre for Disease Control (ECDC), Dr. Andrea Ammon, on the ECDC’s analysis of the pandemic. The Chair of the European Parliament’s Committee on Economic and…
The European parliament’s Committee for Economic and Monetary Affairs (ECON) of the European Parliament has adopted its position on the so-called “MiFID quick fix” which amends the Markets in Financial Instruments Directive (MiFID). The MiFID sets the key rules for stock exchanges, financial trading platforms, consumer protection in financial markets and rules for the speculation…
The Commission on Monday adopted its 2021 work programme, designed to make Europe healthier, fairer and more prosperous, while accelerating its long-term transformation into a greener economy, fit for the digital age. It contains new legislative initiatives across all six headline ambitions of President von der Leyen’s political guidelines and follows her first state of the union…
The European Stability Mechanism (ESM) completed its fourth quarter funding needs on Monday, raising the full €2 billion it had targeted The ESM issued a new €2 billion 0% bond maturing on 16 December 2024. The spread was fixed at mid-swaps minus 8 basis points, for a reoffer yield of -0.582% and a new issue…
The latest EU SME Barometer presented shows an unprecedented drop in the Business Climate for SMEs caused by the COVID-19 crisis. This is mainly due to very negative results for the past semester, but also the expectations from the second semester are subdued. As a consequence, the SME Climate Index fell by 18.8, reaching 54.6…
A new international report launched this week ahead of the G20 Finance Ministers’ and Central Bankers’ meeting by the International Longevity Centre UK (ILC-UK), the UK’s specialist think tank on the impact of longevity on society, unveils the significant, and growing, economic impact of older workers across the G20: Nearly 1 in 3 workers across…
COVID-19 is a ticking time bomb for Europe’s tourism industry, says the EESC The Coronavirus pandemic is wreaking havoc on Europe’s tourism sector. In six months’ time half of the businesses may be gone unless the EU steps in quickly, says the European Economic and Social Committee (EESC) in a new opinion. On world tourism…
HRH Prince Charles, “Climate change is now rapidly becoming a comprehensive catastrophe that will dwarf the impact of the coronavirus pandemic” The following are highlights of his address today. The borderless Climate bio-diversity and heath crisis are all symptoms of a planet that has been pushed beyond its boundaries, without swift and immediate action at a unprecedented case…
