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ECB has flexibility to react to yield rise
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ECB has flexibility to react to yield rise if necessary: official - World News
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We need an ambitious and strong European Pillar of Social Rights
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Met dank overgenomen van Europees Parlement (EP), gepubliceerd op maandag 22 februari 2021.
A high-profile panel on Monday warned of the economic difficulties stemming from the pandemic, whilst noting that this crisis could offer the chance to rebuild EU economies.
Kicking off the annual European Parliamentary Week, which sees MEPs and national parliamentarians meet to discuss EU economic governance, the panel brought together the presidents of the European Parliament and the Portuguese Parliament, as well as the chiefs of the European Council, the European Commission, the UN, the IMF and the European Central Bank (ECB).
European Parliament President
Sassoli said the crisis brought about by the pandemic was a direct result of an economic system based on the maximalist exploitation of resources, and that it highlighted, more than ever, the unsustainability of this economic model. EU finances and a rethink of the economic governance instruments would be important factors in the EU
The Covid-19 pandemic has fundamentally changed our lives over the last year. The socio-economic challenges are unprecedented: The world faces a historical health crisis, which is followed by a profound social and economic crisis. In addition, climate change keeps posing an existential threat to the planet and to the future of human civilisation itself. The idea that we can just go back to “normal” is a crucial mistake. In order to recover from the crisis, we need radical transformations to develop an economic system based on social justice, social inclusion and climate sustainability. This historic task cannot be left to ‘market mechanisms’, particularly given the fact that private actors have retrenched during the crisis. Such a transformation requires a major, coordinated and sustained public investment effort.