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.
The European Union will likely go big once again for its second trip to the capital markets to fund its Support to Mitigate Unemployment Risks in an Emergency funding programme, and the obstacles to its €750bn recovery fund are slowly falling away.
Steven Maijoor, chair of the European Securities and Markets Authority, has said EU legislation covering green bond reviewers would help ensure the legitimacy of the proposed Green Bond Standard.