Recording: Dear friends, within a few weeks, the corona pandemic has spread throughout Europe and the world – with serious consequences for people, their health and the economy. But corona is about much more than the disease itself. The political consequences of the pandemic go much further: Do societies show solidarity or does […]
Joint German-Italian appeal: European solidarity now!
Sign our call here: www.weareinthistogether.eu Dear friends, We are witnessing a decisive moment for Europe. The solidarity of the European community is being tested. The Corona crisis was not the fault of any country alone. European solidarity is the order of the day. The pandemic affects us as Europeans together, and we must therefore tackle […]
Joint German-Italian appeal to the governments: European solidarity demands common bonds
Today a joint appeal was published by German and Italian personalities from politics, business, science, sports and culture. The appeal includes four demands to the EU institutions and the member states for overcoming the corona crisis (including joint bonds). Among the first signatories are Mario Monti and Enrico Letta (former Prime Ministers of Italy), Hans […]
Failed European Council: Fatal sign for Europe’s cohesion!
Yesterday the European heads of state and government held a video conference until late in the evening to discuss joint responses to the Corona crisis. In the absence of agreement among EU Member States, they instructed the Eurogroup to prepare a fiscal policy response within two weeks. However, the Eurogroup had been unable to reach […]
European Council: Green MEPs call on EU leaders to create Eurobond as response to corona crisis
Today, European heads of government are holding a video conference to discuss a European response to the crisis caused by the coronavirus. Leaders are expected to present a fiscal policy response to the severe economic shock, most likely through ESM precautionary credit lines. Yesterday, nine EU member states including France, Italy and Spain, but also […]
Corona crisis: Prudential supervisors must restrict banks’ dividends and bonuses
On 12 March, the Single Supervisory Mechanism (SSM), ECB’s supervisory arm, and the European Banking Authority (EBA) announced measures to mitigate the impact of COVID-19 on the EU banking sector. The two bodies linked their capital relief for banks with expectations “to use the positive effects coming from these measures to support the economy and […]