Following last week’s delivery to Italy, more batches of FFP2 protective masks has been distributed this weekend to Spain, Italy and Croatia from rescEU – the first-ever common European reserve of medical equipment set up last month to help countries affected by the coronavirus outbreak. Today’s support comes on top of the EU Medical Teams, masks and […]
Read More
EU and Mexico conclude negotiations for new trade agreement
The European Union and Mexico concluded the last outstanding element of the negotiation of their new trade agreement. Trade Commissioner Phil Hogan and Mexican Minister of Economy Graciela Márquez Colín – in a phone call – agreed on the exact scope of the reciprocal opening of public procurement markets and a high level of predictability […]
Read More
EU’s long-term budget
The process to establish the next long-term budget of the EU for the period 2021-2027 has started. It’s about the future of Europe, about whether the EU does less, the same or more for its citizens. This Q&A reflects Parliament’s position and the state of play before the outbreak of the COVID-19 pandemic. The European […]
Read More
Commission adopts banking package to facilitate lending to households and businesses in the EU
The Commission has today adopted a banking package to help facilitate bank lending to households and businesses throughout the European Union. Aim of this package The aim of this package is to ensure that banks can continue to lend money to support the economy and help mitigate the significant economic impact of the Coronavirus. It […]
Read More
Coming up: economic impact Covid-19, agriculture, tyre labelling
Committees have a busy week ahead of them: from discussing Covid-19’s economic impact to voting on plans for tyre labelling and support for the agriculture sector. Coronavirus The economic affairs committee will discuss the economic impact and response to the Covid-19 outbreak with Valdis Dombrovskis, Executive Vice-President for An Economy that Works for People, and […]
Read More
COVID-19: MEPs call for an action plan for the tourism sector
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More