The European Commission must present an action plan to help the tourism sector overcome the COVID-19 crisis, according to members of the EP’s Transport and Tourism Committee. Tourism: a highly affected sector In a debate with Internal Market Commissioner Thierry Breton, MEPs insisted that the tourism sector needs more support through specific measures, funding, strengthened […]
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Finanzas sostenibles: el Consejo adopta un sistema de clasificación unificado de la UE
La UE está implantando un sistema común de clasificación para fomentar la inversión privada en crecimiento sostenible y contribuir a una economía climáticamente neutra. El Consejo ha adoptado un Reglamento por el que se establece un sistema de clasificación, o «taxonomía», válido para toda la UE, que proporcionará a los empresarios e inversores un lenguaje […]
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COVID-19: statement of EU ministers of finance on continuing bank lending and on maintaining a well-functioning insurance sector
It is crucial that banks continue financing households and corporates, including SMEs experiencing temporary difficulties amid the COVID-19 pandemic. To this end, making full use of the flexibility provided for in the prudential and accounting framework, is essential at a time when sufficient financing to cover financial pressures is vital for the economy. EU ministerss […]
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Commission and European Investment Fund unlock €8 billion in finance for 100,000 small and medium-sized businesses
The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will allow the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity to at least […]
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The European Commission welcomes the cooperation agreement concluded between the European Central Bank, the Eurosystem and Sveriges Riksbank
The European Commission welcomes the cooperation agreement concluded on 3 April 2020 between the European Central Bank (ECB), the Eurosystem and Sveriges Riksbank which will allow settlement of instant payments in Swedish krona in the TARGET Instant Payment Settlement (TIPS). The Commission shares with the ECB the objective of fostering the development by European payments […]
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Government frees up 18.23 billion euros in a raft of economic measures to mitigate impact of COVID-19
The government has adopted a raft of exceptional economic measures to mitigate the impact of COVID-19, which will allow up to 18.23 billion euros to be freed up and disbursed during the year. This plan of measures was agreed at the proposal of the Third Vice-President of the Government and Minister for Economic Affairs and […]
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ESMA recommends action by financial market participants for COVID-19 impact
The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), is closely monitoring the situation in view of the continuing impact of the COVID-19 outbreak on financial markets in the European Union (EU). Following a Board of Supervisors discussion examining the market situation and contingency measures taken by supervised entities, ESMA is making the […]
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The Government mobilizes a plan of economic measures to mitigate the impact of COVID-19
The Government has adopted a plan of exceptional measures in the economic field to mitigate the impact of COVID-19 that will allow the mobilization of up to 18,225 million euros during this year. These measures are in addition to those adopted by the Council of Ministers on 10 March in the area of health and […]
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Spanish courts must ensure that clauses in mortgage loan contracts providing for the application of a variable interest rate are clear and understandable
If the court concludes that such terms are unfair, it may replace it with a statutory rate applicable on a supplementary basis in order to protect the consumers concerned from the particularly harmful consequences which could result from the cancellation of the loan contract. In its judgment in Case C-125/18 Gómez del Moral Guasch, delivered […]
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