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Transatlantic News
Transatlantic News
02
Dec
The European Commission and the High Representative are today putting forward a proposal for a new, forward-looking transatlantic agenda. While the past years have been tested by geopolitical power shifts, bilateral tensions and unilateral tendencies, the victory of President-elect Joe Biden and Vice-President-elect Kamala Harris, combined with a more assertive and capable European Union and a new geopolitical and economic reality, present a once-in-a-generation opportunity to design a new transatlantic agenda for global cooperation based on our common values, interests...
02
Dec
New technologies like artificial intelligence, machine learning, robotics, big data, and networks are expected to revolutionize production processes, but they could also have a major impact on developing economies. The opportunities and potential sources of growth that, for example, the United States and China enjoyed during their early stages of economic development are remarkably different from what Cambodia and Tanzania are facing in today’s world.
Our recent staff research finds that new technology risks widening the gap between rich and poor countries by...
01
Dec
On November 25, 2020, the European Commission approved a sixth contract under the EU Vaccines Strategy, this time with the pharmaceutical company Moderna. The contract provides for the initial purchase of 80 million doses on behalf of all EU Member States, plus an option to request up to a further 80 million doses, to be supplied once a vaccine has proven to be safe and effective against COVID-19.
The contract with Moderna will enlarge the already broad portfolio of vaccines...
01
Dec
Speech on 25 November, 2020 in Brussels |
"Check against delivery"
Grazie, Presidente,
Honourable Members,
I come to Parliament today to report on our plans for the next European Council on 10 and 11 December. But before I turn to that, please allow me to update you on two other topics: about Brexit and about the situation we are facing with respect to the Multiannual Financial Framework and NextGenerationEU.
Honourable Members,
These are decisive days for our negotiations with the United Kingdom. But I cannot...
30
Nov
ECB publishes final guide after considering comments from public consultation
Banks to perform self-assessment on ECB expectations in early 2021
ECB to fully review banks’ practices in 2022
Next supervisory stress test in 2022 to also focus on climate-related risks
Separately, new ECB report shows that banks’ climate-related and environmental risk disclosures lag behind significantly
The European Central Bank (ECB) today published its final and amended guide on climate-related and environmental risks following a public consultation. The guide explains how the...
30
Nov
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Petri Sajari on 24 November 2020 |
What are the key risks for the euro area recovery at the moment?
The fourth quarter of 2020 will be marked by the measures taken by euro area governments to deal with the new wave of coronavirus (COVID-19) infections that started after the summer. While these containment measures are generally not on the same scale as those taken in March or April, they...
30
Nov
Article by Christine Lagarde, President of the ECB, in L’ENA hors les murs magazine | Paris, 30 November 2020 |
Important lessons can be drawn from the past to understand the factors influencing the journey towards the future of money, including the possible introduction of a digital euro. Ensuring the euro meets the needs of European citizens is at the core of the ECB’s mandate.
Throughout history, the nature of money has evolved in response to socioeconomic changes. But the functions of money...
30
Nov
There is a great deal of anticipation on the markets and in general looking ahead to the ECB’s December meeting. What can we expect from it?
We should expect what the President stated very clearly at the last press conference: that the ECB’s Governing Council will reassess the macroeconomic outlook and recalibrate its measures accordingly. The outlook for inflation has clearly deteriorated rather than improved over the past few months owing to the resurgence of the pandemic and the containment...
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