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By Burhan Khadbai 10.30 AM The EU has published the first list of its primary dealers to lead the bloc’s mammoth Next Generation EU (NGEU) funding task, which could start as soon as this month following the ratification of the bloc s Own Resources Decision. The EU announced the first list of its primary dealers on Monday, comprising 39 banks (see full list below). However, applications to join the primary dealer network remain open and the list could well be extended further.The EU invited banks to apply to join its primary dealer . Already a subscriber? Login ....
Government authorisation of €750bn EU borrowing without any public or Dáil debate ‘a concern’ - Chris MacManus MEP Sinn Féin MEP and Member of the EU Parliament’s Economic and Monetary Affairs Committee Chris MacManus has said the decision by the government to sign off on €750bn of borrowing by the EU Commission should have only been taken after a full public and Dáil debate given the importance of the decision, which is known as the ‘Own Resources Decision’. The Midlands Northwest MEP said: “On the 12th May, without any public notice or announcement, the government signed off on facilitating the EU Commission borrowing €750bn to finance the EU Recovery Fund. This decision was notified to the EU Council by the Irish government offices in Brussels. This is an unprecedented commitment for the EU Commission to take on.” ....