ECB president Christine Lagarde said today it is ‘crucial’ that EU’s coronavirus recovery plan succeeds and that the promised funding is disbursed.. — AFP p
“If is not targeted, if it disappears into the administrative machinery and does not reach down into the real economy to drive our countries toward the digital and green , then we will have missed a historic opportunity to change direction,” Lagarde said in an interview withThe plan, unprecedented in its scope and commitments, was agreed by European Union leaders in July but has since been held up in the European Parliament by disputes over whether payments should be linked to strict...
“It is now up to the member states, who have to submit their recovery plans — some are already done — and up to the Commission, which must review them quickly,” said Lagarde, a former French finance minister and head of the International Monetary Fund before taking over at the ECB.“It is crucial that this exceptional plan, which broke important taboos in several countries, should be a success,” Lagarde added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain tells businesses to step up plans for no-deal EU exit | Malay MailLONDON, Oct 19 — Britain is urging businesses to step up preparations for a no-deal exit from the European Union when transitional arrangements end, telling them in a campaign that “time is running out”. Talks between Britain and the EU on a trade deal ended in recrimination last week, with...
Source: malaymail - 🏆 1. / 86 Read more »
‘Cold Hawaii’: Danish coast surfs on virus wave | Malay MailKLITMØLLER, Oct 18 — On Denmark’s rugged western coast, far from paradise islands in the tropics, “Cold Hawaii” has become the place to be for surfers stranded by travel restrictions during the coronavirus pandemic. As the name suggests, surfers seeking out the perfect wave near the town...
Source: malaymail - 🏆 1. / 86 Read more »
New Zealand announces new virus case day after 'Covid' election | Malay MailWELLINGTON, Oct 18 — New Zealand confirmed a new community case of Covid-19 today, two weeks after Prime Minister Jacinda Ardern declared that the South Pacific nation had “beat the virus again.” Director-General of Health Ashley Bloomfield said the latest case involved a port-side worker who...
Source: malaymail - 🏆 1. / 86 Read more »
Virus positive Rossi must miss second MotoGP race | Malay MailALCANIZ, Oct 18 — Seven-time MotoGP world champion Valentino Rossi’s quarantine after testing positive for Covid-19 means he will miss not only today’s Aragon Grand Prix but also next weekend’s Grand Prix of Teruel, his Yamaha team said. “Due to Italian law, Valentino Rossi will be unable...
Source: malaymail - 🏆 1. / 86 Read more »
Israel takes first steps out of second virus lockdown | Malay MailJERUSALEM, Oct 18 — Israel started cautiously emerging from a second coronavirus lockdown today after a month of tight restrictions, re-opening preschools, kindergartens, beaches and national parks, with numbers of new infections falling. Public radio said about a million young children would...
Source: malaymail - 🏆 1. / 86 Read more »
Top Palestinian official Erekat’s health worsens after contracting virus | Malay MailRAMALLAH, Oct 18 — Long-time chief Palestinian negotiator Saeb Erekat, diagnosed with coronavirus, was being hospitalised in Israel today after his condition worsened, the Palestine Liberation Organisation and his brother said. The PLO said in a statement that “following his contraction...
Source: malaymail - 🏆 1. / 86 Read more »