HRVP Josep Borrell and the Commissioner for the Internal Market Thierry Breton publish an article in several European media on the EU’s reaction to the Coronavirus crisis and the lessons learned “For a united, resilient and sovereign Europe”. Beyond the health tragedy, the Coronavirus crisis will have an accelerating effect on the major trends at work on our planet. It invites us to take a fresh look at the world, and at Europe’s place in the world. It forcefully revives...

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June 11, 2020 | Today the Commission recommends to Schengen Member States and Schengen Associated States to lift internal border controls by 15 June 2020 and to prolong the temporary restriction on non-essential travel into the EU until 30 June 2020; and sets out an approach to progressively lifting the restriction afterwards. Given that the health situation in certain third countries remains critical, the Commission does not propose a general lifting of the travel restriction at this stage. The restriction should be lifted...

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June 15, 2020 | The massive macro-financial shock caused by the pandemic continues to ravage the global economy and has put both banks and borrowers under severe strain. Supervisors find themselves confronted with unprecedented challenges which call for decisive action to ensure that banking systems support the real economy while preserving financial stability. This blog introduces nine joint IMF-World Bank recommendations to help supervisors navigate these uncharted waters and calls for vigilance regarding policy measures taken that are not consistent...

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