coronavirus
EU must act urgently on fiscal measures, #ECB says
The European Union must urgently decide on a package of fiscal measures to help the bloc through its pandemic-induced economic crisis, European Central Bank board member Fabio Panetta told French newspaper Le Monde, writes Balazs Koranyi. “It is extremely urgent and the aim should be to deploy it as soon as possible, no later than early 2021,” Panetta was quoted on Tuesday as saying. “The longer we wait, the costlier it will be to intervene.”
The EU proposed a €750 billion package last month, including €500bn in grants, but resistance from a handful of fiscally conservative nations has threatened to delay the deal and no agreement in June is now expected.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
ECR MEPs question the European Commission on cardiovascular health and diet promoting the Mediterranean diet as an alternative to ultra-processed foods as key to tackling obesity
Albania's Vlora airport standoff tests investor confidence as EU accession clock ticks
Iran’s regime in crisis: Negotiations, internal divisions and growing resistance
Why a Brussels–Nicosia–Eastern Mediterranean strategic affairs platform would benefit the European Union
Commission approves €659 million German state aid for four new semiconductor facilities
Kazakhstan seeks regional AI leadership as economic partnership with China enters new phase
EU law on nitrates pollution remains effective, with scope for smarter implementation
Starmer’s problem? 'He is not a politician'
The EU’s Forced-Labour Regulation Faces a Credibility Test
European Statistical Monitor: July edition
Commission publishes state aid guidance on carbon contracts for difference
Commission greenlights Estonia's fourth payment request for €135.5 million under NextGenerationEU
Drones, dominance, and the Iranian impasse: The West's strategic blind spot
Kazakhstan's fixed capital investment tops 9.5 trillion tenge in H1 2026
Commission registers two European Citizens' Initiatives on education and housing
Kazakhstan and Belgium: Building a Partnership for the Future
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
US 'no longer' an 'unconditional ally' for Europe - MEP
-
Italy5 days agoECR MEPs question the European Commission on cardiovascular health and diet promoting the Mediterranean diet as an alternative to ultra-processed foods as key to tackling obesity
-
Albania5 days agoAlbania's Vlora airport standoff tests investor confidence as EU accession clock ticks
-
Iran5 days agoIran’s regime in crisis: Negotiations, internal divisions and growing resistance
-
Euro-Mediterranean relations5 days agoWhy a Brussels–Nicosia–Eastern Mediterranean strategic affairs platform would benefit the European Union