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Europe Daily Bulletin No. 12452

24 March 2020
Contents Publication in full By article 5 / 29
EU RESPONSE TO COVID-19 / Finance
Financial markets must remain open during pandemic, says Steven Maijoor
Brussels, 23/03/2020 (Agence Europe)

Faced with the stock market crash triggered by the COVID-19 pandemic, should the financial markets be temporarily closed? The President of the European Securities and Markets Authority (ESMA), Steven Maijoor, responded with a firm “no” on Monday 23 March.

“ESMA’s objective is to maintain markets that are open and orderly as they are vital for the functioning of our economy and financial system, especially in the current circumstances”, he said.

“Open markets allow the process of...

Contents

EU RESPONSE TO COVID-19
ECONOMY: conditions for activating general escape clause of Stability Pact are fulfilled, Member States agree
EMPLOYMENT: imminent presentation of a temporary instrument to counterbalance socio-economic effects of COVID-19
STATE AID: green light for aid in five EU countries under 'COVID-19 Temporary Framework'
STATE AID: urgent public consultation on availability of private short-term export-credit insurance capacity
FINANCE: financial markets must remain open during pandemic, says Steven Maijoor
TAXATION: OECD lists tax measures that could help mitigate impact of COVID-19 on taxpayers
INSURANCE: COVID-19, EIOPA makes its recommendations on reporting to national supervisors
FOREIGN AFFAIRS: COVID-19, increased coordination for repatriation of Europeans and support for vulnerable third countries are EU priorities
IRAN: EU supports Teheran in face of COVID-19 crisis
WESTERN BALKANS: EPP Group in European Parliament calls on Commission to deploy all necessary means to help countries cope with COVID-19
HEALTH: 'Today, we pay for our past failures', according to Claire Dhéret of EPC
HEALTH: seven European countries researching treatment for COVID-19
HEALTH: European Parliament computer technician dies from COVID-19
TRANSPORT: European Commission calls on Member States to facilitate border crossings on 'green lanes'
AGRICULTURE: COVID-19, European Parliament committee calls for additional anti-crisis measures for agricultural sector
AGRICULTURE: FoodDrinkEurope calls for urgent action to alleviate pressure on food supply
FISHERIES: MEPs call for changes to 2014-2020 EMFF during pandemic
INTERNAL MARKET: free use of European standards will speed up production of medical equipment
EU INSTITUTIONS: COVID-19 pandemic, continuity of decision-making in Parliament and EU Council
FUTURE OF EU: “The coronavirus proves that neoliberalism is not compatible with an environment of climate change”, says Aurore Lalucq
COHESION: COVID-19, consultation on revision of EU Solidarity Fund
SECURITY - DEFENCE
CSDP: no agreement by EU Council on new mission linked to enforcement of arms embargo on Libya
CSDP: Council of the EU gives agreement to amendment of mandate for EUTM Mali mission
EXTERNAL ACTION
ENLARGEMENT: EU Council should authorise opening of accession negotiations with Albania and North Macedonia
SECTORAL POLICIES
CIVIL PROTECTION: EU to help Croatia after earthquake, Italy among countries assisting
HOME AFFAIRS: before COVID-19, citizens of four EU countries were still subject to visa requirements for travel to United States
INSTITUTIONAL
HUNGARY: Council of Europe and European Commission vigilant about state of emergency declared by authorities
NEWS BRIEFS
GEORGIA: EU does not recognise elections in Abkhazia
MIGRATION: EU Council approves new rules for compiling migration statistics