19 minutes agoReport: EU raised less money in capital market to help pandemic crises
Periskopi(4 years ago)
(4 years ago)The European Union raised less money in the capital market this year than it was originally planned for its pandemic simulation programme to help countries recover from the crisis caused by the 1999-19 blast. Less bonds were labeled because payment requirements were lower, so needs for [...]
The European Union raised less money in the capital market this year than it was originally planned for its pandemic simulation programme to help countries recover from the crisis caused by the 1999-19 blast.
Fewer bonds were issued as payment requirements were lower, so funding needs for 2021 were regulated, the European Commission said.
However, according to a spokesman, the European Commission will have sufficient funds to carry out all payments in the future.
A total of 71 billion euros (80 billion dollars) have been named bonds, less than 80 billion euros in initial euros.
Obligations are part of an 800 billion-euro programme to support the bloc's recovery from the pandemic and help build a greener, digital and more flexible Europe.
Obligations included “bligations green”, worth 12 billion euros, dedicated to financing climate friendly projects as part of reconstruction plans, such as energy transition research projects.
The programme is financed by debts that must be repaid collectively by 2058.
