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).
Lower Saxony to keep SSA primary open
The State of Lower Saxony mandated banks on Wednesday to run a 10 year euro benchmark on Thursday, as German states remain the only action in the public sector primary market.
Spain applies for over €20bn of SURE cash
Spain has submitted an application for more than €20bn from the EU’s Support to Mitigate Unemployment Risks in an Emergency (SURE) fund.
Citi moves MTN banker to SSA syndicate
Charles-Antoine Roche has joined Citi’s sovereign, supranational and agency syndicate desk after spending over a decade in the bank’s medium term notes business.
Climate case against Australia could force issuers into new risk disclosures
The case of O’Donnell versus the Australian Commonwealth, if successful, could force all issuers seeking to make use of the Australian bond market to make thorough disclosures of their climate strategy.