European leaders are preparing to spar Thursday over whether to issue common debt to ease economic pressure on embattled countries like Italy, reviving memories of the region’s sovereign debt crisis nearly a decade ago.
The government presented a raft of measures worth €8.8 billion on Wednesday to shore up Luxembourg businesses during the coronavirus pandemic that has seen economic activity come largely to a standstill.
The biggest economic stimulus in American history is hurtling toward passage, but Washington’s colossal intervention to save the economy still chooses winners and losers among businesses and American workers.
After nearly a decade of fiscal restraint, German MPs voted on Wednesday to suspend the country’s so-called “debt brake” and back a historic €156 billion emergency budget to fight the growing coronavirus crisis.
Israeli Prime Minister Benjamin Netanyahu said on Wednesday there would be “no avoiding” a complete lockdown of the country without a decrease in the rate of new coronavirus infections.
It is understood that the regulator’s consumer protection arm is looking at insurers’ handling of claims relating to travel, health, mortgage protection and business continuity policies.
The Malta Bankers’ Association (MBA) has been meeting regularly and keeping in constant touch with the Maltese authorities to provide its support in connection with the developing COVID-19 situation.
Get a bloody move on.
The IMF and the World Bank on Wednesday said Somalia had taken the necessary steps to begin receiving debt relief, a key move that will allow the Horn of Africa country to lower its $5.2 billion in external debt to around $557 million.
- IMF, World Bank say Somalia ready to receive debt relief (Reuters: Mar 25, 2020 at 5:38 PM)
Long queues, crowded markets, and harassment of e-commerce and food delivery people by police departments seemingly unaware of what was allowed and what wasn’t, marked the first day of the three-week lockdown to cease the spread of the coronavirus disease (Covid-19), although by Wednesday evening, some sense of order emerged.