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Europe Daily Bulletin No. 12468

17 April 2020
Contents Publication in full By article 22 / 34
ECONOMY - FINANCE - BUSINESS / Ecb
Net asset purchases will increase monetary institute's balance sheet by €1,1 trillion by end of 2020
Brussels, 16/04/2020 (Agence Europe)

To cope with the economic impact of the COVID-19 pandemic, the launch of the PEPP which is a new asset purchase programme for private and public sector securities, and the strengthening of the intervention capacity of the existing Asset Purchase Programme (APP) will increase the balance sheet of the European Central Bank (ECB) by "€1.1 trillion" by the end of 2020, said the President of the Frankfurt monetary institute, on Thursday 16 April, in her speech during the video conference...

Contents

BEACONS
BEACONS: COVID-19 and the EU-27: a history and lessons learned (3/4)
EUROPEAN PARLIAMENT PLENARY
FUTURE OF EU: in attempt to show both ambition and consensus, European Parliament fine-tunes its response to Covid-19 crisis
FUTURE OF EU: European Parliament and Commission converge on need for post-COVID-19 'Marshall Plan'
HUNGARY: Viktor Orbán's full powers in European Parliament's crosshairs
EU RESPONSE TO COVID-19
DIGITAL: COVID-19, European Commission publishes minimum requirements for use of mobile applications
MIGRATION: Member States asked to show flexibility in handling of asylum procedures
SOCIAL: temporary nature of SURE instrument, main stumbling block in negotiations in EU Council
EIB: COVID-19 pan-European guarantee fund is being set up
STATE AID: COVID-19, green light for Latvian scheme to support agriculture, fisheries and school canteens
AGRICULTURE: COVID-19, increased advances on payments and lighter controls for farmers
HEALTH: WHO regional office will also publish its criteria for lifting containment measures
RESEARCH: ERAvsCorona action plan welcomed by European pharmaceutical associations and industries
SECURITY - DEFENCE
NATO: Defence Ministers agree to strengthen Alliance’s resilience
DEMOCRACY: Presidents of Council of Europe, NATO and OSCE Assemblies stress role of national parliaments in management of health crisis
EXTERNAL ACTION
TRADE: first lessons of crisis as European ministers initiate new shift in trade policy
TRADE: Commission calls on Twenty-Seven to work together to improve foreign direct investment screening
UNITED KINGDOM: London says no to an extension of post-Brexit transition period
UKRAINE: EU mobilises €13 million in humanitarian assistance for vulnerable populations in east of country
FOREIGN AFFAIRS: EU calls on G7 to lead post-COVID-19 pandemic reconstruction efforts
DEVELOPMENT: slight increase in Official Development Assistance in 2019 according to preliminary OECD figures
DEVELOPMENT: NGO ONE calls on G20 to extend moratorium on debt service to all African countries
ECONOMY - FINANCE - BUSINESS
ECB: net asset purchases will increase monetary institute's balance sheet by €1,1 trillion by end of 2020
FINANCE: mobilisation in European Parliament against selection of BlackRock to carry out a study on sustainable finance
SECTORAL POLICIES
COHESION: administrative costs of structural and investment funds are relatively low, according to European Court of Auditors
AGRICULTURE: MEPs call on Ursula von der Leyen to release funds for farmers
FISHERIES: European Observatory notes a slight improvement in fish prices at Easter
NEWS BRIEFS
ECB: swap line agreement with Croatian National Bank
WOMEN: MEPs condemn outcome of Polish parliament’s vote on two draft laws on abortion and sex education
FINANCE: EU Finance Ministers adopt their declaration encouraging bank lending to economy
FINANCE: EU Council adopts European taxonomy on sustainable finance
INDUSTRY: code of conduct for automotive industry regarding production restart after COVID-19 pandemic
MIGRATION: Dunja Mijatović calls for continued rescue of migrants in Mediterranean Sea
SOCIAL: COVID-19, COFACE calls for ambitious plan to implement European pillar of social rights
UKRAINE: EU welcomes release and exchange of prisoners