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Image header Agence Europe
Europe Daily Bulletin No. 12450
Contents Publication in full By article 6 / 31
EU RESPONSE TO COVID-19 / Ecb

Monetary weapon of unprecedented magnitude unleashed by monetary institute aims to calm minds

The European Central Bank (ECB) pulled out the heavy artillery late Wednesday evening (18 March) by announcing a new massive repurchase operation of private and public securities on an unprecedented scale of €750 billion, greater than the effort made in 2012 during the sovereign debt crisis in the euro area.

Objective: to convince the financial markets that the monetary institute will do 'whatever it takes' to prevent the fragmentation of the market for sovereign securities of euro-area...

Contents

EU RESPONSE TO COVID-19
CIVIL PROTECTION: COVID-19, Commission proposes immediate creation of a reserve stock of medical equipment
CIVIL PROTECTION: COVID-19, Germany to repatriate 3,000 EU citizens on 13 flights co-financed by EU
HEALTH: European Commission encourages social distancing measures
HEALTH: European Parliament calls for strengthening European Centre for Disease Prevention and Control
CONSUMERS: European Commission and national authorities to tackle online scams and fake online sales
ECB: monetary weapon of unprecedented magnitude unleashed by monetary institute aims to calm minds
STATE AID: Commission adopts Temporary Framework to support economy affected by COVID-19
FINANCE: ESMA postpones monitoring of compliance with reporting obligations related to securities financing until July
TAXATION: France, Germany, Belgium, Luxembourg, and Switzerland agree on tax system for frontier workers during pandemic
PARLIAMENT: COVID-19, extraordinary European Parliament mini-plenary convened on Thursday 26 March
FUTURE OF EU: in face of impact of coronavirus on economy, Renew Europe wants to re-examine sovereign bond-backed securities proposal
EUROPEAN COMMISSION: Ursula von der Leyen will be tested for coronavirus following Michel Barnier’s positive test
DEMOCRACY: one third of 86 cases of Russian disinformation in one week were about Covid-19
DIGITAL: COVID-19, Thierry Breton worries about explosion of internet traffic
AGRICULTURE: Commission called on to ensure an “uninterrupted flow” of agricultural products in times of pandemic
FISHERIES: COVID-19, Europêche calls for urgent measures to secure fish supply
COHESION: with Covid-19, cohesion policy shows that it remains forward-thinking policy, according to CPMR
TRANSPORT: T&E proposes that airlines should only receive financial support if they pay more taxes and are greener
HOME AFFAIRS: Member States may not discriminate against EU residents as compared to their nationals, recalls Commission
NATO: NATO's ability to conduct operations is not compromised by the coronavirus, says Stoltenberg
SECURITY - DEFENCE
CSDP: discussions are stalling on creation of Irene mission to monitor arms embargo on Libya
CSDP: High Representative requests EUBAM Rafah mission, still on standby, be extended
NATO: according to Mr Stoltenberg, 2019 was a year of great progress in adaptation of Alliance
EXTERNAL ACTION
UNITED KINGDOM: European Commission and London believe negotiations can continue in other forms despite COVID-19-related cancellations
KOSOVO: High Representative of the Union calls for political unity
TURKEY: Istanbul contests EU steel safeguards at WTO
SECTORAL POLICIES
CIRCULAR ECONOMY: waste recovery organisations call for greater ambition from EU to avoid landfilling
FOOD: ‘Farm to Fork’ strategy, PAN Europe calls for a mandatory 80% reduction of pesticides by 2030
SOCIAL: ETUC thinks EU data protection rules are misused by employers
COURT OF JUSTICE OF THE EU
JUSTICE: Member States may envisage civil proceedings for confiscation not subject to establishment of criminal offence, according to Court
NEWS BRIEFS
EUROPEAN COMMISSION: presentation of EU’s ‘Food Sustainability’ and ‘Biodiversity’ strategies has been postponed until end of April