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…
Members of Parliament’s Tourism Task Force reiterate that the tourism sector needs EU-level coordination and substantial support to give SMEs a chance of survival. The Transport and Tourism Committee met on Wednesday with travel and tourism stakeholders to take stock of the dire situation facing the sector and to discuss ways to overcome this unprecedented…
The European Commission has presented a proposal to the council for a decision to grant €5.9 billion in financial support to Portugal under the SURE instrument. This follows Monday’s proposals to the Council for decisions to grant financial support of €81.4 billion to 15 Member States under the SURE instrument. Including Portugal, the Commission is now proposing…
Angela Merkel and Emmanuel Macron have proposed that the EU borrows on the financial markets in order to disperse some €500bn through grants to European economies hit hardest by the coronavirus pandemic. Under the Franco-German proposal the member states receiving the funds would not need to repay the cash. Liability for the debt would instead…
