“I am convinced that there is only one instrument that can deliver this magnitude of tasks behind the recovery and that is the European budget, clearly linked to the Recovery Fund. The budget is time-tested, everybody knows it, it is trusted by all Member States, and it is per se designed for investment, for cohesion and convergence.”
During their videoconference on 23 April, EU leaders discussed progress on the various dimensions of the European response to the pandemic and welcomed the Joint European Roadmap towards lifting of containment measures.
The Coronavirus pandemic is having a huge impact on the European labour market. The International Labour Organization foresees the loss of 12 million full-time jobs in Europe in 2020.
The Commission has launched ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies, enabling them to scale up in Europe and help reinforce Europe's economic and technological sovereignty.
The Commission has adopted a proposal for a €3 billion macro-financial assistance (MFA) package to ten enlargement and neighbourhood partners to help them to limit the economic fallout of the coronavirus pandemic.
In a speech given on 16 April at the European Parliament plenary session on the EU's coordinated action to fight the coronavirus pandemic and its consequences, Commission President Ursula von der Leyen honoured the memory of the tens of thousands of Europeans who have lost their lives.
On 15 April, the Commission, in cooperation with the President of the European Council, put forward a European roadmap to phase-out the containment measures put in place in response to the coronavirus outbreak.
This edition of the EBCI takes a closer look at the drivers of the Economic Sentiment Indicator.
Today, the European Commission and the High Representative set out plans for a robust and targeted EU response to support partner countries' efforts in tackling the coronavirus pandemic.
The latest episode of Euronews’ “Real Economy” examines how the EU can best respond to the economic fallout caused by the coronavirus crisis.
The European Investment Bank (EIB), the EU bank, announced the launch of a new financing initiative that aims to unlock close to €1.6 billion of investment in the agriculture and bio-economy sector.
In order to mitigate the impact on people’s livelihoods and the economy, the European Commission has adopted a comprehensive economic response to the coronavirus outbreak:
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.
“With a new solidarity instrument, we will mobilise €100 billion to keep people in jobs and businesses running. With this, we are joining forces with Member States to save lives and protect livelihoods. This is European solidarity.”
The Commission announced on 2 April that it is further increasing its response to the coronavirus by proposing to set up a €100 billion solidarity instrument called SURE.
The European Commission has decided to create a strategic rescEU stockpile of medical equipment such as ventilators and protective masks to help EU countries in the context of the COVID-19 pandemic.
The European Investment Bank (EIB) signed an agreement on 23 March to provide a €250 million loan to in’li, a subsidiary of Action Logement, for social housing.
The European Commission has adopted a Temporary Framework to enable Member States to use the full flexibility foreseen under State aid rules to support the economy in the context of the COVID-19 outbreak.
On 18 March, the Governing Council of the European Central Bank (ECB) decided to launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.
The European Commission issued guidelines on 25 March to ensure a strong EU-wide approach to foreign investment screening in a time of public health crisis and related economic vulnerability.
