The European Commission has adopted a Temporary Framework to enable Member States to use the full flexibility foreseen under State aid rules to support the economy in the context of the COVID-19 outbreak. Together with many other support measures that can be used by Member States under the existing State aid rules, the Temporary Framework enables Member States to ensure that sufficient liquidity remains available to businesses of all types and to preserve the continuity of economic activity during and...

Please see below a a press release from the European Central Bank (ECB): • ECB and other major central banks to offer 7-day US dollar operations on a daily basis • Operations with 84-day maturity continue to be offered weekly • New frequency effective as of 23 March 2020, to remain in place for as long as appropriate to support smooth functioning of US dollar funding markets The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank,...

Please see below an overview of the European Investment Bank (EIB) Group's response to the COVID-19 outbreak.  EIB Group: Coronavirus crisis response Compliments of the EIB.

Today, the European Commission has decided to create a strategic rescEU stockpile of medical equipment such as ventilators and protective masks to help EU countries in the context of the COVID-19 pandemic. President Ursula von der Leyen said: “With the first ever common European reserve of emergency medical equipment we put EU solidarity into action. It will benefit all our Member States and all our citizens. Helping one another is the only way forward.” Medical equipment part of the stockpile will include items such as: intensive care...

President Ursula von der Leyen has proposed a comprehensive set of measures that will: Ensure the adequate supply of protective equipment and medical supplies across Europe; Cushion the blow for people’s livelihoods and the economy by applying full flexibility of EU fiscal rules; Set up a EUR 37 billion Coronavirus Response Investment Initiative to provide liquidity to small businesses and the health care sector. Provide a coherent set of guidelines to Member States on border measures to protect citizens’...

Today 17 March, Members of the European Council held a videoconference on COVID 19 in order to follow up on previous conclusions of 10 March 2020 together with the ECB President, the President of the Eurogroup and the High Representative. We reaffirmed the need to work together and to do everything necessary to tackle the crisis and its consequences. The priority is the health of our citizens. On the four priorities identified: 1. Limiting the spread of the virus We endorsed the guidelines proposed by the...