EU leaders to hold in-person summit on recovery fund next month on 17-18 July 0 (0)

The European Council calls for an extraordinary meeting next month
This is being by the council’s spokesperson, Barend Leyts. The details and logistics will follow later but the dates have been confirmed. The physical meeting is said to start at 1000 Brussels time on the 17th of July.

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ECB’s Weidmann: PEPP is guided by inflation objective, will be temporary 0 (0)

Comments by ECB governing council member, Jens Weidmann
– Recovery from the coronavirus crisis will be „painfully slow“
– The level of economic uncertainty is „exceptionally high“
Well, if it is guided by their inflation goal and with the recovery set to be „painfully slow“, their definition of temporary may be until 2022 at the very least –

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BOE’s Bailey: UK government would have struggled to fund itself if not for QE expansion 0 (0)

BOE governor, Andrew Bailey, remarks to Sky News in a podcast
– The prospects would have been very bad
– It would have been very serious if BOE had not intervened during the „meltdown“
Bailey added that the financial dislocation that took place during March was much more severe than that back in 2008-09 – referring to the

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