Crisis, we will also touch upon the European Union, european commissions, broader Economic Policy agenda as we hopefully recover from the crisis, it has been evolving fiscal institutions, its management of the european macro economy. It should be an interesting conversation, obviously of particular importance given the worldwide economic crisis we are suddenly found ourselves in. Let me introduce my guests today, director general for economic and Financial Affairs in the european commission, prior to his current job, he was director general for structural reform support a topic we will touch on a little bit as well i imagine, prior to that he was Deputy Director general for economic and Financial Affairs. He also worked extensively on the socalled fund which we will talk about as well. Anyway, with that introduction out of the way, i want to start out with talking about the way in which the crisis has unfolded over the past few months in your especially what actions have been taken to
Institute, i am delighted to host a conversation today was the director general for economic and Financial Affairs at the european commission, he has been there since they were 2020. Our conversation today will be about the economy of the European Union and the European Union with a response to the covid19 crisis. We will also touch upon the European Union and commissions broader Economic Policy agenda as we hopefully recover from the crisis, its evolving fiscal institutions and its management of the european macroeconomy. So it should be an interesting conversation and obviously particular important given the worldwide economic crisis we have found ourselves in. Let me introduce i guess today, he is the director general for economic of Financial Affairs in the european commission, prior to his current job he was director general for structural reform support and will touch a little bit on while i imagine. And prior to that he was Deputy Director general for economic and Financial Affa
The virus infections now pushed 8 million globally. Haveoutbreaks in the u. S. Some states weighing whether to pause reopening. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures up 2 10 of 1 . It was a very volatile trading session. We had a boost after the fed pledged to follow through with the Corporate Bond purchase, but then again, we had concerns over a second wave of the pandemic. Not to mention the white house now ending an Unemployment Bonus Program on july 31. We have the s p 500 gained 8 10 of 1 . At one point, they lost as much as 2. 5 . It was a really volatile session. Financials and staples led to gains, after dropping last week by the most since march. Take a look at how the dollar is doing now. We have seen the dollar underperforming against all g10 peers and weakening to session lows after the Federal Reserve made the announcement. Right now, we are seeing more pressure on the bloomberg dollar index. The 10 year yield at 72 basis
Spains Prime Minister has refused to resign despite an investigation into corruption in his wifes relationship. In his statement Pedro Sanchez stressed that quote he will work on the upcoming revival of spanish democracy. The Prime Ministers wife is suspected of using her position to lobby private interests. According to investigators, her foundation entered into a Sponsorship Agreement with a Tourism Holding company. As a result, the latter received a subsidy for the airline. Included in its structure. The subsidy, which amounts to 475 million euros, was allocated as part of the eu program to help businesses during the pandemic. Sport as a way of socializing children with psychophysical disabilities development. Today a table tennis tournament was held in brist. More than 50 guys from different regions of the country. Vasilishke, in lukovye, borovlyany, rudensk, brez region, participated in competitions. These are five teams from boarding schools that train according to olyas unique s
100 objects will be put up for auction, including zelenskys penthouse in the yalta village of livadia, worth several hundred thousand dollars. Eight objects were nationalized. More precisely. This sold at auction in accordance with procedures. The starting price was determined by an independent commission of 815 million. The first money received. Uh, four objects. Now they are at the sales stage, literally in days they will be sold, about 100 are still being prepared for sale. We expect to receive 1. 800 million by the end of the year. Well, we are currently working, there are 100 objects being prepared for privatization, including zelenskys apartment. It seems to me that, uh, there is so much excitement around this apartment many times. We have already commented on what this is for him, so to speak, such insignificant uh, the assets are probably more symbolic than uh some real, of course, for any russian for any person. This is a big deal for you, but for a billionaire this is absolut