Introducing EU Covid-19 Financial Response Tracker

In response to the negative impacts of the ongoing COVID-19 pandemic, the European Union (EU) has taken unprecedented steps to bolster its Member States’ economies and assist neighboring countries. This resource guide, compiled and updated based on entries from the YPFS Covid-19 Financial Response Tracker (CFRT), provides summary information on programs enacted by both EU bodies and individual Member States. 

Please see below for a current list of blog posts analyzing specific interventions:

• EU Member States Reach Unanimous Deal on Historic EUR 750 billion Fiscal Stimulus Package by Lily Engbith (August 13, 2020)
• European Council finalizes Multiannual Financial Framework and Additional COVID-19 Response Measures by Aidan Lawson (August 13, 2020) 
• Dividend bans: ECB extends, APRA eases, and BoE promises further analysis by Junko Oguri (July 29, 2020)
• Implications of the German Constitutional Court’s Objection to the ECB’s Public Sector Purchase Program by Aidan Lawson (July 17, 2020) 
• European Commission Expands Eligibility for SME Support and Increases Incentives for Private Recapitalization by Mallory Dreyer and Kaleb Nygaard (July 1, 2020) 
• ECB Announces New Eurosystem Repo Facility to Provide Euro Liquidity by Aidan Lawson (June 29, 2020) 
• EU Expands Temporary Framework For State Aid to Allow Recapitalization by Mallory Dreyer (May 14, 2020) 
• EU Programs Supporting non-EU Countries by Priya Sankar (May 13, 2020) 
• EU Programs in Support of Member Countries by Aidan Lawson (May 14, 2020)
• ECB Considers Adopting EU Bad Bank by Mallory Dreyer (April 27, 2020) 
• European Stability Mechanism Establishes Pandemic Support Credit Lines by Vaasavi Unnava (April 16, 2020)  
• EU Proposes Support for Short-Time Work Schemes by Mallory Dreyer (April 8, 2020) 
• ECB Unveils Pandemic Emergency Purchase Programme by Aidan Lawson (March 31, 2020; June 5 update here)
• European Commission Relaxes Rules to Allow Members to Respond Quickly to COVID Crisis by Mallory Dreyer (March 25, 2020) 
• UK, EU Move to Ease Impact of Accounting Rules for Borrowers Affected by COVID-19 by Greg Feldberg (March 21, 2020)