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Timing belt · 24-09-2020, 01:30

The ECB 750Bn pandemic emergency purchase programme (PEPP) have so far purchased 543Bn of assets (18 Sept) The majority of this has been public sector debt with Germany (24%) Italy (19%) France (15%) and Spain (12%) accounting for 70% of the assets purchased by the ECB.
source: https://www.ecb.europa.eu/mopo/imple.../index.en.html

If there is a second wave will there be more shut downs and pandemic unemployment payments across Europe that additional funding will be required for?
Have the countries done enough stimulus to keep keep business going?

If more of either is needed countries will need to issue more debt to pay for it and is the 200Bn that is remaining in the PEPP enough?

Geuze · 24-09-2020, 10:53

In June the PEPP was increased by 600bn, from 750 bn to 1,350bn.

https://www.ecb.europa.eu/mopo/imple.../index.en.html

Note that the pre-existing APP are continuing:

https://www.ecb.europa.eu/mopo/imple.../index.en.html

Indeed, in March the APP was increased by 120bn.

Geuze · 24-09-2020, 10:54

These are the non-PEPP purchases:

Geuze · 24-09-2020, 10:55

Here are cumulative APP purchases:

Karwik · 19-12-2020, 10:44

Oh, that pandemic situation is so hard to the small business

Wanderer78 · 20-12-2020, 05:31

Quote:

Originally Posted by Karwik

Oh, that pandemic situation is so hard to the small business

Ah shur very little of that money making it into sme's, they have to take on debt to do so, it's nuts, nothing stopping the government from giving them and us citizens money directly to spend in these businesses

Timing belt · 20-12-2020, 11:35

Quote:

Originally Posted by Wanderer78

Ah shur very little of that money making it into sme's, they have to take on debt to do so, it's nuts, nothing stopping the government from giving them and us citizens money directly to spend in these businesses

Is that not what the pup payments are doing? Giving money to people impacted by covid.

Geuze · 20-12-2020, 22:55

PUP, TWSS, EWSS, etc.

Restart grants, etc.

Massive public expenditure on income and business supports.

All borrowed.

At low cost thanks to the ECB PEPP.

Geuze · 20-12-2020, 22:58

Quote:

Originally Posted by Wanderer78

Ah shur very little of that money making it into sme's, they have to take on debt to do so, it's nuts, nothing stopping the government from giving them and us citizens money directly to spend in these businesses

https://enterprise.gov.ie/en/What-We...D-19-supports/

Billions spent directly on giving income supports to workers and firms.

Wanderer78 · 21-12-2020, 07:29

Quote:

Originally Posted by Timing belt

Is that not what the pup payments are doing? Giving money to people impacted by covid.

You are indeed correct

24-09-2020, 01:30	#1
Timing belt Registered User Join Date: Sep 2020 Posts: 1,370 Adverts \| Friends	ECB pandemic emergency purchase programme (PEPP) The ECB 750Bn pandemic emergency purchase programme (PEPP) have so far purchased 543Bn of assets (18 Sept) The majority of this has been public sector debt with Germany (24%) Italy (19%) France (15%) and Spain (12%) accounting for 70% of the assets purchased by the ECB. source: https://www.ecb.europa.eu/mopo/imple.../index.en.html If there is a second wave will there be more shut downs and pandemic unemployment payments across Europe that additional funding will be required for? Have the countries done enough stimulus to keep keep business going? If more of either is needed countries will need to issue more debt to pay for it and is the 200Bn that is remaining in the PEPP enough?

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24-09-2020, 10:53	#2
Geuze Registered User Join Date: Jul 2010 Posts: 9,418 Adverts \| Friends	In June the PEPP was increased by 600bn, from 750 bn to 1,350bn. https://www.ecb.europa.eu/mopo/imple.../index.en.html Note that the pre-existing APP are continuing: https://www.ecb.europa.eu/mopo/imple.../index.en.html Indeed, in March the APP was increased by 120bn.

24-09-2020, 10:54	#3
Geuze Registered User Join Date: Jul 2010 Posts: 9,418 Adverts \| Friends	These are the non-PEPP purchases:

24-09-2020, 10:55	#4
Geuze Registered User Join Date: Jul 2010 Posts: 9,418 Adverts \| Friends	Here are cumulative APP purchases:

19-12-2020, 10:44	#5
Karwik Registered User Join Date: Dec 2020 Posts: 14 Adverts \| Friends	Oh, that pandemic situation is so hard to the small business

20-12-2020, 22:55	#8
Geuze Registered User Join Date: Jul 2010 Posts: 9,418 Adverts \| Friends	PUP, TWSS, EWSS, etc. Restart grants, etc. Massive public expenditure on income and business supports. All borrowed. At low cost thanks to the ECB PEPP.