April 22, 2020 | • ECB to grandfather until September 2021 eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements • Appropriate haircuts will apply for assets that fall below the Eurosystem minimum credit quality requirements • Decision reinforces broader package of collateral easing measures adopted by the Governing Council on 7 April 2020, which will also remain in place until September 2021 • ECB may decide further measures, if needed, to continue ensuring...

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April 22, 2020 | The EU is taking further urgent measures to make the best use of cohesion policy money to help tackle the COVID-19 pandemic. The Council today adopted a second legislative act in less than a month amending the rules on the use of EU structural funds, which underpin EU cohesion policy. These changes allow member states to refocus resources on crisis-related operations. The act, known as the Coronavirus Response Investment Initiative Plus, was adopted by written procedure less than three...

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The Commission has adopted a proposal for a €3 billion macro-financial assistance (MFA) package to ten enlargement and neighbourhood partners to help them to limit the economic fallout of the coronavirus pandemic. The proposal comes on top of the ‘Team Europe' strategy, the EU's robust and targeted response to support partner countries' efforts in tackling the coronavirus pandemic. It represents an important demonstration of the EU's solidarity with these countries at a time of unprecedented crisis. The proposal, following a...

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April 22, 2020 | The Commission is taking swift action and proposes additional exceptional measures to further support agricultural and food markets most affected. The EU agri-food sector is showing resilience in these unprecedented times, following the outbreak of the coronavirus. Still, some markets have been hit hard by the consequences of this public health crisis. Today's package includes measures for private storage aid (PSA) in the dairy and meat sectors, the authorisation of self-organisation market measures by operators in hard hit sectors and flexibility in fruits...

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April 19, 2020 | Blog post by EU High Representative Josep Borrell It is now more than a month that the corona virus has Europe in its grip. While every day we work flat out to address the crisis in all its aspects, it is good to step back and reflect on what living with COVID19 means, for our daily lives, for Europe, for the wider world and how it will affect our society. "These are testing times. We need to...

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April 16, 2020 | The OECD and member countries that provide foreign aid are exploring how they can work to help the most vulnerable countries to weather the Covid-19 crisis, as new data showed a rise in Official Development Assistance (ODA) in 2019, particularly to the poorest countries. ODA from members of the OECD’s Development Assistance Committee (DAC) totalled USD 152.8 billion in 2019, a rise of 1.4% in real terms from 2018, according to preliminary data collected from official development...

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