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Image header Agence Europe
Europe Daily Bulletin No. 12468
Contents Publication in full By article 8 / 34
EU RESPONSE TO COVID-19 / Eib

COVID-19 pan-European guarantee fund is being set up

On Thursday, 16 April, the Board of Directors of the European Investment Bank (EIB) met in extraordinary session and approved the creation of a pan-European guarantee fund for European companies in accordance with European finance ministers’ recent agreement (see EUROPE B12456A2).

With guarantees provided by Member States to the tune of €25 billion, the fund will be able to provide European businesses, including SMEs, direct support through emergency liquidity assistance for an...

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