Institute, i am delighted to host a conversation today was the director general for economic and Financial Affairs at the european commission, he has been there since they were 2020. Our conversation today will be about the economy of the European Union and the European Union with a response to the covid19 crisis. We will also touch upon the European Union and commissions broader Economic Policy agenda as we hopefully recover from the crisis, its evolving fiscal institutions and its management of the european macroeconomy. So it should be an interesting conversation and obviously particular important given the worldwide economic crisis we have found ourselves in. Let me introduce i guess today, he is the director general for economic of Financial Affairs in the european commission, prior to his current job he was director general for structural reform support and will touch a little bit on while i imagine. And prior to that he was Deputy Director general for economic and Financial Affa
Airline heavily criticizing the bailout deal the worlds biggest lighting maker has made a product that can degrade the virus and disinfect indoor areas all the applications we are putting into the markets are safe the good news is that it is also good for covid19. South koreas minister agrees to step down after north korea shows footage of it blowing up on the border a warm welcome from street signs. The stoxx 600 is in the green. There have been a few significant positive developments in the last 24 hours, we had those strong retail numbers come through providing a boost in the u. S. And europe. On the health care front, we had Health Care News the uk major drug trial found that a 60yearold steroid, very common, widely available, cheap drug actually reduces the mortality rate of Covid Patients this is the first drug they have found that reduces death from the vie vus. We have remdesivir but this drug, dexamethasone cuts the death rate. We are eyeing beijing where theyve seen a new set
Union Economic Policy response due to the covid19 crisis. Well also catch up on the European Union, European Commissions broader Economic Policy agenda as we hopefully recover from the crisis, its evolving fiscal institutions and its management of the european macro economy. So it should be an interesting conversation, particularly of particular importance given the worldwide economic crisis weve suddenly found ourselves in. Let me introduce my guest today. As i said, director general for Economic Affairs in the European Commission prior to his current job, he was for reform support and well touch on that as well, i imagine and prior to that he was Deputy Director general for economic and financial affairs. And did work extensively on the funds which well talk about as well. And anyway, with that introduction out of the way, i wanted to start out by just talking about the pay in which the crisis has unfolded over the past few months in europe and especially what actions have been taken
Action now we are in the preparation but this is a big thing for the banks. You know the action we are in before now are becoming entireliness to take intoation for the reduced amount renault rallies on a plan to revamp with a plan with nissan and mi and. In hong kong, legislators debate a Controversial National anthem bill. A warm welcome to street signs this morning. European markets have been open about an hour now. Weve seen stocks advance. Going about 40 basis points higher we saw the risk on trade come higher in europe, we had travel and leisure going about 20 . A lot of reopening of the economies and airways with germany coming into focus to lift its warning for travel around europe in midjune. A lot of hopes around the summer months and the reopening all eyes on the European Commission we are looking to see whether they build on the french german agreement around a Eu Recovery Fund later today a lot of attention around the fiscal response. Weve heard from the ecb and the questi
We moved all of the lanes of the communication highlighted and analog to digital. That was cable, broadcast, satellite and the satellites had been launched but the service had not yet begun. We did with the Digital Radio standard and my First Commission meeting we did ban for pcs and over an extraordinary time. And we were just [inaudible] speaking began the first auction at which point they used the hand placard to build. It was an exciting time to be there. Plus, on top of all of that we implemented the 1996 telecom act which dramatically changed the landscape by introducing competition in the local telepathy and video and also dramatically changed the landscape for broadcast widening the ability to consolidate properties. Host looking back 20 years later, did you get it right to connect to the groundwork laid correctly . Guest some of it we did but keep in mind the other thing we did was what was so important cspan can appreciate this greatly is establishing the Program Requirements