Commission Tables Covid-19 Recovery Plan to Kick-start EU Economy

By admin 27 Μαΐου 2020 No comment

Aiming to accelerate recovery in the aftermath of the coronavirus (Covid-19) outbreak, the European Commission announced on Wednesday its proposal for a new recovery tool that help will boost jobs and growth of impacted Union economies. Dubbed Next Generation EU, the new 750-billion-euro instrument to be part of the revamped long-term EU budget, will prioritise […]

ESM Credit Line Now Open, Greece Could Save up to €800m

By admin 18 Μαΐου 2020 No comment

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ESM head Klaus Regling and Europe’s Economy Commissioner Paolo Gentiloni. Photo Source: ESM Greece now has the option to tap into EU emergency funds released for member states to deal with coronavirus (Covid-19) impact, European Stability Mechanism (ESM) head Klaus Regling told the media on Friday. Should Greece choose to use the ESM’s credit line, […]

EU Announces Covid-19 Pandemic Credit Line

By admin 11 Μαΐου 2020 No comment

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Exterior of the Europa building in Brussels. Source: newsroom.consilium.europa.eu/ European Union (EU) finance ministers agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the coronavirus (Covid-19) pandemic on Union economies. Under the emergency response tool, EU member states will have access to European Stability