Can the IMF accept COVID-19-struck Lebanon’s ‘reform-for-support’ request despite concerns over Hezbollah and Bassil?

By John Grogan Lebanese poet Khahil Gibran wrote in the 1920’s: “My Lebanon is a serene mountain sitting between the sea and the plains, like a poet between one eternity and another.” When I first met the Chair of the Foreign Affairs Committee of the Lebanese Parliament Yassine Jaber on a delegation to the Westminster…

ECB Breaches Competences

In its ruling yesterday, the German Constitutional Court declared the ECB decisions on the bond purchase programme (PSPP) to be in breach of competences. The judges declared the previous positive preliminary decision of the European Court of Justice to be incomprehensible and thus arbitrary, because the Court had excluded the economic effects of the programme…

European Economic Recovery Plan Tabled

BusinessEurope has tabled its proposals for a European economic recovery plan. It says that despite the extraordinary efforts of governments and the EU Institutions to support businesses and workers through the crisis, Europe’s economic and political environment as we gradually exit from the severe restrictions placed on economic activity is likely to look significantly different…

Commission Proposals for Temporary Relief for Banks

Commission Executive Vice-President Valdis Dombrovskis on Tuesday presented proposals for a temporary reduction of capital requirements in the Corona crisis.  The Commission wants to ensure that banks continue to provide credit to the real economy despite the crisis.  The package of measures includes a proposal to compensate for the effect of the new accounting rules…

Ukraine Land Reform

The President of Ukraine has signed the law “On Amendments to Certain Legislative Acts of Ukraine on the Conditions of Circulation of Agricultural Land” Law № 552-IX was originally approved by the Verkhovna Rada on 31 March. The document provides for the formation of a legislative framework for the introduction of market circulation of agricultural…

Making Business More Climate Friendly

A total of 68 large German and international companies from all sectors of the economy call upon politicians on the occasion of the Petersberg Climate Dialogue to combine economic measures to deal with the Corona crisis with ambitious climate policy. At yesterday’s launch of the 11th edition of the Petersberg Climate Dialogue, a broad alliance…

Europe’s Recovery Plan

Last week on 23 April, EU heads of state and government met via video conference to address the development of economic measures to recover from the coronavirus crisis. However, instead of proposing ambitious measures, in particular coronabonds, a mutualised debt instrument, EU Leaders decided not to decide. The European Commission is instead tasked with the…

Recovery Strategy for SMEs

The business environment for SMEs has dramatically changed for the worse in the past weeks.  This has a huge negative impact on hundreds of thousands of Crafts and SMEs, and also threatens fundamentally the core role which SMEs play in European citizen’s everyday life. To support the survival and quick recovery of SMEs across Europe,…