BERLIN - The European Commission has given its approval for Germany's proposed Economic Stabilisation Fund, Berlin's Economy and Finance ministries said on Wednesday .
In a statement, they said that the European Commission had approved the key framework for the fund, meaning that recapitalisation measures of up to 250 million euros and capital guarantees do not need to be individually approved by the EU civil service. With capital of up to 600 billion euros, the stabilisation fund is intended to offset the coronavirus epidemic's long-term impact on Europe's largest economy.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US televangelists, megachurches tied to Trump approved for millions in coronavirus pandemic aidWASHINGTON (REUTERS) - Megachurches and other religious organisations with ties to vocal supporters of US President Donald Trump were approved for millions of dollars in forgivable loans from a taxpayer-funded pandemic aid bailout, according to long-awaited government data released this week.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Indonesia reports 70 new coronavirus deaths, 1,209 new casesIndonesia reported 1,209 new coronavirus infections and 70 new deaths on Monday (Jul 6), its health ministry said.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Vietnam reports 14 new COVID-19 cases, all importedVietnam's health ministry on Monday reported 14 new coronavirus infections, all among Vietnamese citizens held in quarantine upon their arrival ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Indonesia reports 1,268 new coronavirus infections, 68 deathsIndonesia on Tuesday reported 1,268 new coronavirus infections, bringing the total number of cases to 66,226, Health Ministry official Achmad ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Philippine confirms 1,540 new coronavirus infections, 6 more deathsThe Philippine health ministry on Tuesday confirmed 1,540 new cases of the novel coronavirus and six deaths.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BWF cancels China Masters, Dutch Open due to coronavirusREUTERS: Badminton's BWF Tour Super 100 events in China and Netherlands have been cancelled due to the coronavirus crisis, the Badminton World ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »