European Union

Commission greenlights transfer of SMP/ANFA profits to Greece

The European Commission will ask eurozone finance ministers to approve the disbursement of 748 million euros in SMP and ANFA profits that European central banks made when buying Greek sovereign bonds, according to the sixth enhanced surveillance report by the European Union's executive arm.

EU exec to propose 1 trln euro recovery plan with grants and loans

The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday.

Dombrovskis, speaking after a meeting of EU finance ministers, welcomed a proposal by France and Germany for a 500 billion euro fund to disburse grants to worst-hit regions and sectors.

ForMin Aurescu supports adoption at EU level of documents regarding negotiation frameworks with Albania, North Macedonia

Foreign Affairs Minister Bogdan Aurescu participated on Tuesday in the regional videoconference at ministerial level on the topic of managing the social-economic effects of the COVID-19 pandemic, in which context he voiced support for the adoption, at European level, in the next period, of documents representing the negotiation frameworks with Albania and the Republic of North Macedonia, follow

ECB’s Lane: Eurozone economy won’t hit pre-crisis level until 2021 at earliest

The coronavirus-hit eurozone economy probably will not return to its pre-pandemic levels until next year at the earliest, the European Central Bank's chief economist told El Pais newspaper, adding that the ECB was prepared to tweak its tools if needed.