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Image header Agence Europe
Europe Daily Bulletin No. 12494
Contents Publication in full By article 20 / 27
ECONOMY - FINANCE - BUSINESS / Eib

Agreement on Pan-European Guarantee Fund for companies

The Board of Directors of the European Investment Bank (EIB) reached a final agreement on Tuesday 26 May on the structure and modus operandi of the Pan-European Guarantee Fund, which, with national guarantees totalling 25 billion euros, could provide indirect support to European companies, especially SMEs, to the tune of 200 billion euros.

The Guarantee Fund will become operational when a group of Member States representing at least 60% of the EIB’s capital have signed their contribution...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2021-2027
BUDGET: European Commission proposes a modest 2021-2027 MFF reflecting divergences between Member States
ECONOMY: Commission proposes to raise an additional 750 billion euros to finance EU’s economic recovery by end of 2024
BUDGET/ECONOMICS: overall satisfied with Commission’s “historic” proposals, European Parliament calls on EU Council to assume its responsibilities
REGIONS: European Commission draws up its diagnosis of territorial and sectoral consequences of Covid-19
HEALTH: twenty times more money for new EU4Health programme
CIVIL PROTECTION: rescEU, Commission proposes to allocate additional €2 billion to strengthen EU's rapid response to emergencies
TRADE: outline of a new vision for European post-Covid trade policy
RULE OF LAW: MFF 2021-2027, Commission maintains link between European budget and rule of law
INSTITUTIONAL
EUROPEAN COMMISSION: European Commission wants to extend public consultations for 2020 and 2021 initiatives
COUNCIL OF THE EU: Covid-19 crisis compels next trio of Presidencies to focus on health
SECTORAL POLICIES
TRANSPORT: ‘Tourism and Transport’ guidelines, EPP Group in European Parliament advocates common health standards and increased financial support
ENERGY: opening of public consultation on roadmap for European hydrogen strategy
AGRICULTURE: European Parliament and EU Council negotiators hope to reach an agreement on transitional measures for CAP by end of June
FISHERIES: ICES scientists advise on measures to protect dolphins and porpoises
JUSTICE: Richard Sonnenschein officially appointed Acting Administrative Director of the European Public Prosecutor's Office
RESEARCH: Commission's “green recovery” plan again risks focusing on “false solutions”, says researcher Martin Pigeon
ENVIRONMENT: Greenpeace report denounces export of hazardous plastic waste to Malaysia
ECONOMY - FINANCE - BUSINESS
TAXATION: OECD warns tax administrations about increased risk of fraud during pandemic
TAXATION: Member States give green light to conclusions on tax treatment of new tobacco products
EIB: agreement on Pan-European Guarantee Fund for companies
EXTERNAL ACTION
AFGHANISTAN: Europeans call for a permanent ceasefire and peace negotiations
ISRAEL: Mr Borrell invites Mr Ashkenazi to Brussels
SOCIAL AFFAIRS
SOCIAL: MEPs call for rapid revision of regulation on coordination of social security systems
NEWS BRIEFS
ENVIRONMENT: two NGOs sue Germany in German courts for air pollution
INDUSTRY: Transport & Environment wants conditions for financing infrastructure projects to be clarified
MIGRATION: European Asylum Support Office fully resumes its activities in Cyprus, Greece, Italy and Malta
MIGRATION: EU Council adopts agreements with Belarus on visa facilitation and readmission of nationals staying illegally