After the pandemic, the finance ministers of the 19 euro-countries want to focus on reducing the government debts that have increased rapidly as a result of the fiscal measures. ” Once the recovery is firmly under way, euro area member states should address the increased public debt levels.”, they wrote in a joint statement. However, this is expected not to start until 2022, when the economy has returned to a similar level as before the corona crisis and support measures are no longer necessary.
The number of nights spent in tourist accommodations in Europe halved to 1.4 billion overnight stays in 2020 compared to 2019, according to the European Statistical Office Eurostat. The travel sector has been hit hard because of travel restrictions and other measures to control the pandemic. All member states experienced a decline, but Cyprus, Greece and Malta, with declines of about 70%, suffered the most from the impact of the corona crisis.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.01% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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