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Tag: financial

Coronavirus Response: EU Launch of dialogue with financial sector representatives to support citizens and businesses

The European Commission has today launched its first roundtable meeting with the European financial sector, including consumer and business representatives, to explore how it can develop best practices to support EU citizens and businesses. As announced in the Commission’s Banking Package on 28 April 2020, this meeting marks the beginning of a dialogue with the […]

IMF: Pandemic dramatically impacts the financial system

IMF Global Financial Stability Report The IMF sees financial markets heavily impacted by the COVID-19 crisis, the Fund’s Financial Counsellor Tobias Adrian said at the press briefing of the Global Financial Stability Report (GFSR) on Tuesday. A further intensification of the crisis could threaten global financial stability. “We are facing an unprecedented crisis and it […]

State aid: Commission approves €1.2 billion French “Fonds de solidarité” scheme

….for small enterprises in temporary financial difficulties due to coronavirus outbreak The European Commission has found France’s €1.2 billion scheme to support small and micro-enterprises as well as self-employed people affected by the economic repercussions of the coronavirus outbreak to be in line with EU State aid rules. The scheme, called “Fonds de solidarité”, was […]