Brussels plots route to sustainable recovery
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.
Month: May 2020
European Semester: The Spring Package
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.
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Parliament: EUR 2 trillion EU recovery funds must drive climate neutrality and nature protection
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.
Retailers and wholesalers call for urgent amendment of card fees regulation
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).
EU tees up sophomore effort
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.
No blue wave but US stimulus still likely
Just because it seems unlikely that in the US election the Democrats will take both the White House and the Senate, it does not mean that capital markets should become despondent about a fiscal stimulus package that could have reached $2.3tr had the so-called “blue wave” made a clean sweep.
US announces third straight record quarter of borrowing
The US Treasury has announced its intention to borrow $122bn over the next three months, marking the third time in a row the it has announced record borrowing volumes.
Swiss franc November pipeline builds
A pipeline of deals is building in the Swiss franc bond market for when the US election is concluded. Among those circling the market is Caisse des Dépôts et Consignations, which could finish its 2020 funding with a public benchmark.
ESMA supports supervision of green bond raters
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.