EU Pledges States for Continuing Fiscal Support and Pushes for Banking Union

The EU’s aim has been a federal Europe from the beginning and they’re not letting a crisis go to waste. We have heard their goal of reaching a banking union years ago, but it seem as this coronavirus crisis is giving them another hand at pushing forwards with plans. They are also urging European countries to keep the fiscal stimulus programmes running to help the Eurozone economy, on top of the ECB monetary programmes.

EU ‘s Von Der Leyen via Reuters

• It’s not the time to withdraw fiscal support now
• We must take the opportunity to make structural reforms
• We must complete the capital markets union and banking union
• Will put forward legal proposals to set up framework for minimum wages
• Everyone must have access to minimum wages either through collective agreements or statutory minimum wages

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Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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