EUROGROUP DISCUSES MACROECONOMIC IMBALANCES IN EURO AREA IN THE WAKE OF THE

IN THE WAKE OF THE COVID-19 CRISIS

Responsible Author: Jedi Foster P/O Rahma Sophia Rachdi | Paris, Washington DC, 01/22/2021, 02:05 Time

USPA NEWS - The Euro area finance ministers held a thematic discussion on macroeconomic imbalances in the euro area on the basis of a technical note prepared by the Commission. A Meeting was held by video conference on 18 January, Their discussion focused on the extent to which the COVID-19 crisis has exacerbated existing macroeconomic imbalances at the euro area level and the policy strategies needed to respond. While recognising that the COVID-19 crisis runs the risk of aggravating pre-existing macroeconomic imbalances in the euro area, ministers reconfirmed the need to maintain a supportive budgetary stance. Ministers also exchanged views on the preparation of the national Recovery and Resilience Plans in line with the priorities agreed in the euro area recommendation (EAR). Lastly, the Eurogroup exchanged views on the global monetary and financial system, in particular on prospects for transatlantic cooperation. Lawrence H. Summers, Harvard professor and former US Secretary of the Treasury, was invited to share his insights and experience with the Eurogroup.

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European Parliament: Guaido is the legitimate interim President of Venezuela

Welcome the extension of EU sanctions

Responsible Author: Jose A. Martin | Strassbourg (France), 01/21/2021, 20:44 Time

USPA NEWS - European Parliament call on the Council to unequivocally recognise Juan Guaido as the legitimate interim President of Venezuela, and welcome the recent extension of EU sanctions against the caribean country.

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