Skills: Five new cross-border collaboration projects selected for Erasmus+ funding to develop excellence in vocational training in Europe

The Commission has proposed today Erasmus+ funding for five new Platforms of Centres of Vocational Excellence, to meet the needs of an innovative, inclusive and sustainable economy. Funded through Erasmus+ for a maximum budget of €4 million each, the platforms will be active in sectors such as green innovation and urban greening, microelectronics, and the […]

ECB extends recommendation not to pay dividends until January 2021 and clarifies timeline to restore buffers

ECB asks banks not to pay dividends and not to buy back shares until January 2021 ECB expects banks to exercise extreme moderation on variable remuneration to conserve capital in crisis ECB clarifies expected pace for banks to restore capital and liquidity positions The European Central Bank (ECB) today extended its recommendation to banks on […]

Euro area banking sector resilient to stress caused by coronavirus, ECB analysis shows

Exercise to identify banking sector’s potential vulnerabilities at early stage in wake of coronavirus shock Results show euro area banking sector can withstand pandemic-induced stress, but if the situation worsens, depletion of bank capital would be material Central scenario depletes banks’ aggregate capital (CET1) ratio by approximately 1.9 percentage points to 12.6%, and severe scenario […]