The EU Commission recast its economic policy guidance Wednesday towards recovery which achieves sustainable and inclusive growth while mitigating the socio-economic consequences of COVID-19.
The European Commission proposed on 20 May country-specific recommendations (CSRs) providing economic policy guidance to all EU Member States in the context of the coronavirus pandemic, focused on the most urgent challenges brought about by the pandemic and on relaunching sustainable growth.
GBP/USD has recovered and came close to cracking 1.23 earlier this morning as markets reacted well to positive reports re: Covid-19 vaccine development leading to a dollar sell off.
The Forex market is the biggest financial market worldwide, with $5 trillion being traded in a single day. Thanks to the wonders of the internet, it’s never been simpler to gain access to this lucrative marketplace.
In its resolution on the "new multiannual financial framework, own resources and the recovery plan", the European Parliament has reiterated its call for a green recovery with an overwhelming majority, emphasising that all recovery funds need to be fully compatible with the Paris Agreement, EU climate neutrality and biodiversity objectives.
EuroCommerce Director-General Christian Verschueren today pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society.
The Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March to enable EU states to support the economy in the context of COVID-19.
Despite EU and national efforts, Europe’s economy will experience a recession of historic proportions this year, according to the EU’s spring economic forecast, presented Wednesday by the Commission.
The EU Commission put forward Thursday a set of measures it wants to take over the next 12 months to better enforce and coordinate EU rules on combating money laundering and terrorist financing.