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Tag: debt

State aid: EU Commission expands Temporary Framework to recapitalisation and subordinated debt measures to further support the economy in the context of the coronavirus outbreak

The European Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to enable Member States to support the economy in the context of the coronavirus outbreak. This follows a first amendment adopted on 3 April 2020. This second amendment complements the types of […]

State aid: EU Commission expands Temporary Framework to recapitalisation and subordinated debt measures to further support the economy in the context of the coronavirus outbreak *

updated on 8/05/2020, 20h25 with a new paragraph The European Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to enable Member States to support the economy in the context of the coronavirus outbreak. This follows a first amendment adopted on 3 April […]

State aid: EU Commission consults Member States on proposal to further expand State aid Temporary Framework to subordinated debt

On 24 April, the European Commission has sent to Member States for consultation a further draft proposal to clarify one aspect of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak, as first amended on 3 April 2020. The Commission is preparing a […]

IMFC calls on private creditors to join debt standstill

The IMFC, the IMF’s governing body, underscored the importance of the Fund in fighting the economic crisis caused by the Coronavirus pandemic. At a virtual press briefing during the Spring Meetings 2020, Lesetja Kganyago, Chair of the IMFC, emphasized that an aggressive response is absolutely necessary: “We are convinced that an aggressive response coordinated through […]