Tuesday

7th Jul 2020

Ticker

ECB to reinvest €2.5tn from eurozone stimulus

The Governing Council of the European Central Bank (ECB) decided on Thursday how to reinvest €2.5tn it has pumped into the economy since 2015 in the wake of the financial crisis in order to help interest and inflation rates go up again. The purchases, known as quantitative easing (QE), cease at the end of December 2018, but redemptions will continue to be reinvested in the public and corporate sectors.

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Agenda

Budget talks shift gear This WEEK

European Council president Charles Michel is expected to present his compromise proposal on the EU's long-term budget and the recovery fund to national capitals in the second half of the week.

Facial-recognition moratorium back on EU agenda

Members of the committee on civil liberties widely supported a moratorium on facial recognition for law enforcement purposes, just after the EU data watchdog backed earlier this week the ban on this technology in public spaces.

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