Greece Lays Out Plan to Make Best Use of EU Emergency Funding

By admin 29 Μαΐου 2020 No comment

The Greek government is looking to put a total of 22.5 billion euros in EU subsidies to immediate use aimed at addressing the impact of Covid-19 and strengthening the economy. Finance Minister Christos Staikouras said this week that Greece in October will table its priorities to the European Commission so that it can immediately begin […]

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

By admin 27 Μαΐου 2020 No comment

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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, […]

Airlines, Travel Agents Say EU Covid-19 Guidelines for Vouchers are ‘Confusing’

By admin 14 Μαΐου 2020 No comment

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Photo Source: IATA Europe’s airlines and travel agents are up in arms over a set of much-awaited Commission guidelines with regard to travel and tourism in coronavirus (Covid-19) times, noting that the recommendations are confusing, unclear and non-binding. The Commission’s four-point “Communication on Travel and Tourism”, issued on Wednesday, will “create further

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

Covid-19: EU Chief Says Summer Holidays Still Possible with ‘Smart Solutions’

By admin 23 Απριλίου 2020 No comment

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European Commission President Ursula von der Leyen sent a message of reassurance this week that post-coronavirus (Covid-19) travel will be possible as long as hygiene measures and social distancing are strictly adhered. In an interview with Portuguese weekly Expresso Sunday, von der Leyen referred to the decisive role of innovation and smart solutions that will enable

EU Prepares Roadmap for Gradual Covid-19 Lockdown Exit

By admin 15 Απριλίου 2020 No comment

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Press conference of Ursula von der Leyen, President of the European Commission, and Charles Michel, President of the European Council, on the EU’s response to the COVID-19 (coronavirus) crisis © European Commission 2020 The European Commission said this week that work was being done on a set of guidelines that will ensure the smooth return […]

Europe Chief Advises Against Travel, Urges Seniors to Stay Home until Year End

By admin 13 Απριλίου 2020 No comment

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Ursula von der Leyen, Source: EC – Audiovisual Service – European Union, 2020, Photographer: Etienne Ansotte European Commission President Ursula von der Leyen advised Europeans to wait before making travel plans and seniors to stay put until the end of the year due to the uncertainty surrounding the coronavirus (Covid-19) crisis. Speaking to German daily […]