Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EU
The signing ceremony for the EU's COVID-19 Recovery and Resilience Fund is set to take place at 1015CET (0415ET, 0915GMT) with Portuguese Prime Minister Antonio Costa (in his position as chair of the presidency of the European Council), Commission President Ursula von der Leyen, and European Parliament President David Sassoli in attendance. A press conference will take place around 10 minutes later, watch both here.
- The Council and Parliament both swiftly approved the EUR672.5bn package earlier this week.
- With the RRF in place, member state gov'ts can begin the process of applying for loans and grants to support their economies. Of the total 13% will be available as 'pre-financing', which is set to be channeled to countries in the summer.
- Member state parliaments currently in the process of ratifying the decision on Commission 'own resources', which would allow the institution to issue debt. Chat below shows the progress of ratification (not totally up to date. Since its publication, France and Bulgaria have approved the OR decision).
Source: @europressos, Luis Garicano MEP
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok