The European leaders’ agreement on a massive stimulus plan for their coronavirus battered economies should help kick-start cross-border consolidation in Europe and complete the European banking union, Santander Chairman Ana Botin said.
Germany will continue to push to seal a new partnership agreement with Britain by the end of the year but the European Union should prepare for an abrupt split of ties from 2021, Chancellor Angela Merkel said on Wednesday.
European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organisation, his spokesman said on Sunday.
Billionaire financier George Soros said the European Union could break apart in the wake of the new coronavirus pandemic unless the block issued perpetual bonds to help weak members such as Italy.
The African Union has pledged $1.3 million to accelerate development, production and equitable global access to new COVID-19 essential health technologies.