Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Simon M. Kaye, CEO Jaguar Freight a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have faced? 2) What are...

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May 11, 2020 | The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are any guide, the toll on poorer and vulnerable segments of society will be several times worse. Indeed, a recent poll of top...

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May 8, 2020 | Blog post by Josep Borrell. On 9 May, we mark Europe Day. The 70th anniversary of the Schuman Declaration offers a chance to reflect on what European integration means and on the EU’s role in the world. I want to use this blog post to do this from a personal angle, to set out why Europe as an idea and political project is worth defending. Like for others, my personal journey has driven my political convictions. My interest and...

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May 8, 2020 | 1. On 23 April 2020, Leaders endorsed the agreement by the Eurogroup in inclusive format of 9 April 2020 on the three important safety nets for workers, businesses and sovereigns, amounting to a package worth EUR 540 billion, and called for their operationalisation by the 1st June 2020. The Leaders also agreed to work towards establishing a Recovery Fund and tasked the Commission to analyse the exact needs and to urgently come up with a proposal...

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Together with our members & friends we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring H.E. Olof Skoog, the Ambassador of the European Union to the United Nations a partner of the EACCNY. The questions we asked our members for this series are: 1) What are...

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May 8, 2020 | By John Bruton, and previously published in the Irish Independent  The Federal Constitutional Court (FCC) of Germany this week attacked one of the fundaments of the European Union, the primacy of Union law.  It is long settled practice that, in its field of operation, EU law has superiority over national law.  The FCC of Germany has also rejected the primacy of decisions of the European Court of Justice (ECJ), over decisions of national courts, on the meaning...

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Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring two members: Martin Breckheimer, Head of Corporate & Institutional Banking; and Simone Ehmann, Director, Corporate Desk, who are both at LB≡BW New York Branch, and EACCNY members. The questions we asked our members...

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8 May, 2020 | • Small and medium-sized enterprises (SMEs) reporting rapid deterioration in economic environment in context of COVID-19 • Deterioration in economic outlook and SMEs’ financial situations having strong negative impact on availability of finance • SME expectations about access to external finance deteriorating sharply, reflecting expected impact of coronavirus pandemic Euro area small and medium-sized enterprises (SMEs) reported a decline in turnover (in net terms -2%, from 20% in the previous six months) in the latest European Central Bank (ECB) Survey...

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May 8, 2020 | The European Commission has set up an EU Humanitarian Air Bridge to transport humanitarian workers and emergency supplies for the coronavirus response to some of most critical areas around the world. Janez Lenarčič, Commissioner for Crisis Management, is travelling today to Bangui on the first flight and will meet H.E. Faustin-Archange Touadéra, President of the Central African Republic, as well as humanitarian organisations. Commissioner Janez Lenarčič said: “Leaving any area of the world unprotected today leaves us all unprotected tomorrow. As part of...

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May 6, 2020 | Fiscal policies have provided large emergency lifelines to people and firms during the COVID-19 pandemic. They are also invaluable to increase a country’s readiness to respond to a crisis and to help with the recovery and beyond. When the Great Lockdown finally ends, a strong economic recovery that benefits everyone will depend on improved social safety nets and broad-based fiscal support. This includes public investment in health care, infrastructure, and climate change. Countries with high debt levels will have to...

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