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The blog by Sincro: The power of information

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COVID-19

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30 Jul
employment in Spain Covid19

Spain: Impact of COVID-19 on economy leaves more than 1 million people without a job in second quarter

Spain: The impact of COVID-19 and the restrictive measures adopted to contain the pandemic meant that the number of people in work in the second quarter of the year fell by 1,074,000, down 5.46%, to stand at 18,607,200. This figures have been released by the Labour Force Survey (Spanish acronym. EPA), published by the National […]

29 Jul
eurostat covid-19 economy

Covid-19: Seasonally adjusted government deficit rose sharply to 2.2% of GDP in the euro area

In the first quarter of 2020, when COVID-19 containment measures began to be widely introduced by Member States, the seasonally adjusted general government deficit to GDP ratio stood at 2.2% in the euro area and 2.3% in the EU. This is a sharp increase in both areas in comparison with the fourth quarter of 2019 […]

28 Jul
EU China Taxation VAT

EU and China discuss trade, taxation and economic relations

The European Union and China held today (28 July) their 8th High-Level Trade and Economic Dialogue (HED). Executive Vice-President Valdis Dombrovskis, accompanied by Commissioner for Trade Phil Hogan, held the meeting via videoconference with Chinese Vice-Premier Liu He accompanied by several Vice-Ministers. The HED focused on the joint response to coronavirus and global economic governance […]

27 Jul
GDP Covid-19 impact

Covid-19: Government debt up to 86.3% of GDP in euro area

At the end of the first quarter of 2020, the quarter in which COVID-19 containment measures began to be widely introduced by Member States, the government debt to GDP ratio in the euro area stood at 86.3%, compared with 84.1% at the end of the fourth quarter of 2019. In the EU, the ratio increased […]

24 Jul
European Union capital markets

Coronavirus response: Making capital markets work for Europe’s recovery

The European Commission has today (24 July) adopted a Capital Markets Recovery Package, as part of the Commission’s overall coronavirus recovery strategy. On 28 April, the Commission had already proposed a Banking Package to facilitate bank lending to households and businesses throughout the EU. Today’s measures aim to make it easier for capital markets to […]

23 Jul
Europe post Covid19

Covid-19: Council agrees its position on an instrument to support implementation of reforms

As part of its measures to foster the recovery from the COVID-19 crisis, the EU will support member states’ reform efforts to stimulate growth and put their economies back on track. EU ambassadors yesterday (22 July) endorsed the Council’s position on establishing a “technical support instrument”. Resilience and recovery This instrument will help member states […]

22 Jul
covid fund economy

REACT-EU: European Council agrees on its partial negotiating position (Covid-19)

The EU is providing additional funding and flexibility in the use of the structural funds to help member states’ recovery efforts following the COVID-19 outbreak. EU ambassadors, meeting within the Committee of Permanent Representatives, today endorsed the Council’s partial position on REACT-EU, the EU initiative with the biggest impact in the short to medium term, […]

21 Jul
crowdfunding

Capital markets union: European Council adopts new rules for crowdfunding platforms

The European Council yesterday (20 July) adopted new rules to improve the way crowdfunding platforms operate across the EU. The new framework is part of the capital markets union’s project which aims at providing an easier access to new financing sources. According to the Council: It will remove barriers for crowdfunding platforms to provide their […]

20 Jul
covid19 inflation european union

Annual inflation up to 0.3% in the euro area (June 2020)

In June 2020, a month in which many COVID-19 containment measures have been gradually lifted, the euro area annual inflation rate was 0.3%, up from 0.1% in May. A year earlier, the rate was 1.3%. European Union annual inflation was 0.8% in June 2020, up from 0.6% in May. A year earlier, the rate was […]

16 Jul
jobs labour Covid19 Spain

Spanish Labour Minister offers to “join forces” with her German counterpart to enhance fight against job insecurity

The Spanish Labour Minister, Yolanda Díaz, held a meeting by video-conference with the Minister for Work and Social Affairs of the Federal Republic of Germany, Hubertus Heil, which showed they were in great harmony. Hubertus Heil congratulated the Government of Spain on the raft of measures pushed through to fight poverty and social exclusion. The […]

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Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.

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