EUâs New Fiscal Weapon Is Operational, Itâs a Lifeline for Italy
Feb 19 2021, 12:55 PM
February 18 2021, 9:30 AM
February 19 2021, 12:55 PM
(Bloomberg) European Union governments banking on hundreds of billions of euros in recovery funds to revive their economies can start putting forward their plans from Thursday when the blocâs newest economic weapon becomes operational.
(Bloomberg) European Union governments banking on hundreds of billions of euros in recovery funds to revive their economies can start putting forward their plans from Thursday when the blocâs newest economic weapon becomes operational.
The Recovery and Resilience Facility is designed to hand out 312.5 billion euros ($375 billion) of grants and 360 billion euros of low-interest loans over the next six years to help the EUâs 27 members recover from the Covid-19 pandemic and refit their economies for the challenges of what it sees as an increasingly hostile world.
EU Rebuffs U.K.’s Call to Reset Their Post-Brexit Relationship Bloomberg 2/11/2021 Ian Wishart
(Bloomberg) The European Union rebuffed the U.K.’s call to reset the two sides’ relationship, saying Britain needs to honor the promises it made on Northern Ireland as part of the Brexit deal.
In a letter to Cabinet Office Minister Michael Gove, European Commission Vice-President Maros Sefcovic gave a cool response to Britain’s request to delay the implementation of border checks on some goods entering the province, saying that measures the U.K. previously signed up to “urgently need to be fully and faithfully implemented.”
European Union foreign-policy chief Josep Borrell vowed to draw up more EU sanctions against Russia as he defended his trip to Moscow last week after the country jailed opposition leader Alexey Navalny.
European Union foreign-policy chief Josep Borrell vowed to draw up more EU sanctions against Russia as he defended his trip to Moscow last week after the country jailed opposition leader Alexey Navalny.