The 27 core member states of the EU failed to reach an agreement to save the economy, Spain becomes the last country to reopen the border

In Daily Market Review, English
June 22, 2020

The 27 core member states of the EU failed to reach an agreement to save the economy
After the two-day video conference last Thursday and Friday, the 27 core member states of the EU failed to reach an agreement on a 750 billion economic rescue plan. It is understood that they will continue to discuss the relevant proposals in mid-July. At the next meeting, they plan to negotiate face-to-face and expect to implement the agreement by the end of July. The four countries currently opposed to the agreement are still the Netherlands, Denmark, Sweden and Austria. They mainly believe that the amount of the economic rescue plan is too large, and it should not be given to the member countries that are more seriously affected by the epidemic. Instead, they should only be lent to them. In addition, they are also worried that the above foundation will become a permanent debt union. Let us continue to pay attention to what happened when the EU reopened the meeting in July to determine the backward direction of the euro.

Spain becomes the last country to reopen the border
Spain has reopened its borders on Sunday and is the last country in the entire Schengen area in Europe to reopen its borders. However, like other countries in the Schengen area, it is currently limited to inbound passengers in Europe. It also means that if British passengers intend to enter Spain, they will no longer use quarantine for 14 days. However, when these British travellers returned to the UK, they would have to be quarantined by the UK for 14 days. Spain was one of the most severe countries in Europe. Now Spain is also unblocked, which is expected to be of great help to restart the entire European economy

 


Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/

場外式黃金/白銀交易的風險:
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.