“Any positive economic effects of the coronavirus vaccines will not be felt until the end of 2021,” the member of the Governing Council of the European Central Bank (ECB) and director of the Bank of France said on Monday. Francois Villeroy de Galhau, in an interview with France Inter radio. His comments came after the […]
Tag: France
Plan B: Brussels presses with a surrogate rescue fund to circumvent the Hungarian and Polish veto
There are only four weeks until the end of the month, the year, the Brexit transition period and for the expiration Budget of the European Union for the period 2014-2020 and there is no replacement. The Recovery Fund is not running either of 750,000 million that it has to put steroids into the vein of […]
The Government will invest 4.32 billion in deploying high-speed broadband and 5G
The Government foresees an investment in 5G for five years of 4,320 million euros of public investment, 883 million of these already foreseen in the Budgets for 2021, with the aim of mobilizing a private investment of 24,000 million euros, such and as explained by the Minister of Finance and spokesperson MarÃa Jesús Montero, after […]
The eurogroup gives the green light one year later to the reform of the Mede and the firewall of the Bank Resolution Fund
After 12 months frozen in a drawer, the Ministers of Economy and Finance of the EU have given finally green light for the reform of the Mede, the European Stability Mechanism. Conceived in 2012 as a rescue instrument, the Mede had run out of tasks, underused. So the States decided to give it a roll. […]
Danone will cut 2,000 jobs, “400 or 500” in France
“In France, it will be 400 to 500 people”, “mainly directors, managers”, who will be affected by these job cuts, said Danone CEO Emmanuel Faber The French agri-food giant Danone, whose sales are hit by the pandemic of the coronavirus, has announced its intention to cut up to 2,000 jobs at its headquarters in France […]
Some yes, some no, others double. This is how the first day of mandatory PCR for travelers is being controlled
Fabrizio has landed at the Madrid-Barajas airport on Alitalia flight 058 from Rome. Upon arrival they asked for his negative PCR test (mandatory from today in Spain) but it had expired. It had been done 10 days ago, but the law here requires it to be done in a maximum of 72 hours. Fabrizio and […]
The eurozone, doomed to a relapse in the fourth quarter and a slower recovery in 2021, according to PMI
The activity of companies in the euro zone has deteriorated significantly in November, with particular intensity in the services sector, as a consequence of the impact of the new wave of contagions and restrictions applied to stop the pandemic, which increases the risk that the euro bloc will register a new contraction in GDP in […]
Brussels gives the go-ahead to the Budgets of Spain although it sees its fiscal stability at risk
Okay, but with caveats. The European Commission has supported this Wednesday the Spanish budget draft for 2021, sent a month ago, but expresses its concern for “long-term fiscal sustainability”, the high level of public debt and the fact that “the challenges for the real economy and the financial sector have increased”. All community partners, without […]
Travel restrictions will not be lifted on December 1
Travel restrictions will not be lifted on December 1, he reaffirmed Tuesday. the French Minister of Health, Olivier Véran, even after acknowledging that “we are in a phase where the pandemic is subsiding.” Additional comments “We are regaining control over the virus situation.” “But it is too early to claim victory.” “The virus is circulating […]
The Government recoils from the pressure of the Autonomous Communities and will demand PCR from all tourists from countries at risk
Spain will request a negative PCR test from all international travelers arriving from risk countries as of November 23. This is what the Minister of Health, Salvador Illa, has communicated to the autonomous communities this Wednesday in the Inter-territorial Council on Foreign Health. The tests will be done in the tourist’s country of origin (not […]
