Boosting the EU’s green recovery: Commission invests €1 billion in innovative clean technology projects

The Commission is launching yesterday the first call for proposals under the Innovation Fund , one of the world’s largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU’s Emissions Trading System.

Households and non-financial corporations in the euro area: first quarter of 2020

The annual growth rate of loans to households was unchanged at 3.5% in the first quarter of 2020 compared with the previous quarter. The financial investment of households increased at a higher rate of 2.8% (after 2.6%) and their gross non-financial investment decreased (-1.7% after an increase of 3.4%), while their net worth increased at […]

ECB welcomes initiative to launch new European payment solution

ECB supportive of banks’ European Payments Initiative Pan-European card and digital wallet to complete European retail payments market The European Central Bank (ECB) welcomes the decision by 16 European banks to launch the European Payments Initiative. This initiative aims to create a unified payment solution for consumers and merchants across Europe, encompassing a payment card […]

Euro area quarterly balance of payments and international investment position: first quarter of 2020

Current account surplus at €285 billion (2.4% of euro area GDP) in four quarters to first quarter of 2020, down from €344 billion (3.0% of euro area GDP) a year earlier Geographic counterparts: largest bilateral surpluses vis-à-vis United Kingdom (€178 billion, up from €169 billion a year earlier) and United States (€108 billion, down from […]

The General Board of the European Systemic Risk Board held its 38th regular meeting on 25 June 2020

At its meeting on 25 June 2020, the General Board of the European Systemic Risk Board (ESRB) again focused on the consequences of the coronavirus (COVID-19) pandemic for the EU’s economy and the financial system. Even if the acute spread of COVID-19 seems to have been contained in Europe, the economy is still being affected by […]