Hungary may see takeovers of last free media, experts warn

Recent reports have confirmed the negative trend for media freedom in Hungary but also pointed to Budapest’s negative impact on press freedom in neighbouring countries. On World Press Freedom Day (3 May), EURACTIV talked to two of the main experts on Hungarian media.

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To reduce the spread of the coronavirus, Member States have taken a wide range of measures, which have significantly affected the free movement of people in the EU. Restrictions on freedom of movement have varied in time and across countries – following generally but not strictly – successive ‘waves’ of coronavirus infections. Since the beginning of the pandemic, the EU and the Member States have been active in developing a coordinated response to the pandemic, starting from emergency measures to mitigate the effects of the sudden introduction of border controls in the early days of the pandemic to establishing common approaches on risk indicators, interoperable contact tracing apps, vaccination and digital certification. This briefing provides an overview of the main restrictions on free movement adopted by the EU and Schengen countries focusing on control measures at the internal borders introduced between March 2020 and July 2021. It then discusses the key steps taken by the EU and the Member States to develop a common approach to lifting restrictions on freedom of movement. The briefing also places the coronavirus-related restrictions of movement in the context of broader efforts to update and strengthen the Schengen system, which has been under stress for at least a decade. This is an updated edition of an EPRS briefing published in November 2020.

Source : © European Union, 2021 – EP

In-Depth Analysis – NIRP, Bank Profitability and Risk-Taking: Much Ado About 50 Basis Points – 01-06-2021

A widespread concern about negative policy rates is that they might depress bank profits and encourage risk-taking. We find that the impact of negative rates per se is limited. Other policy measures (TLTROs, tiered deposits) have largely neutralised the impact of NIRP on bank profits. Asset purchases might have been more important by compressing the yield curve. Any small positive impact of negative rates on lending and aggregate demand may have been swamped by the negative impact of low rates on productivity.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.

Source : © European Union, 2021 – EP

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