Euro area quarterly balance of payments and international investment position: fourth quarter of 2020

Current account surplus at €250 billion (2.2% of euro area GDP) in 2020, down from €280 billion (2.3% of GDP) in 2019 Geographic counterparts: largest bilateral surpluses vis-à-vis United Kingdom (€151 billion) and United States (€79 billion), with largest deficits vis-à-vis offshore centres (€94 billion) and China (€79 billion) International investment position showed net assets of €91 billion (around 0.8% of euro area GDP) at […]

European Commission is turning its back on Science by including Fossil Fuels in the Sustainable Taxonomy Proposal

For the last year, Central and Eastern European governments have been pressuring the EU to include less restrictive criteria for biomass energy production and to recognise natural gas as a transition fuel towards climate neutrality. They may have realised their ambitions with the current draft of the EU Sustainable Taxonomy proposal. Central and Eastern Europe (CEE) will be one of the most […]

Euro money market statistics: First maintenance period 2021

Daily average borrowing turnover in the unsecured segment increased from €120 billion in the eighth maintenance period of 2020 to €121 billion in the first maintenance period of 2021 Weighted average overnight rate on borrowing transactions in the unsecured segment remained stable at -0.55% for the wholesale sector, and remained stable at -0.57% for the interbank sector […]

International Roma Day: Statement by Vice-President Jourová, Commissioner Dalli and Commissioner Várhelyi

Ahead of International Roma Day on 8 April, Vice-President for Values and Transparency, Vĕra Jourová, Commissioner for Equality, Helena Dalli, and Commissioner for Neighbourhood and Enlargement Negotiations, Olivér Várhelyi issued the following statement:

The General Board of the European Systemic Risk Board held its 41st regular meeting on 25 March 2021

At its meeting on 25 March 2021, the General Board of the European Systemic Risk Board (ESRB) continued to discuss the impact of the coronavirus (COVID-19) pandemic on financial stability in the European Union (EU). While noting that the economic situation was expected to improve in the course of 2021, it underscored the significant uncertainty surrounding the […]