• Private equity and Europe's re-capitalisation challenge

    5 days ago - By Bruegel

    The ongoing deep recession is certain to leave in its wake a significant number of corporate insolvencies, once current moratoria on debt service end. The shortfall in corporate capital could be €720 billion, based on the European Commission's May 2020 baseline economic scenario .
    The Commission put forward proposals for broad-based EU support for corporate equity but, in an effort to reduce the overall size of the bloc's 2021-2027 budget, the European Council in July essentially rejected these. The Council completely de-funded a grant-based solvency instrument, which was to amount to €300...
    Read more ...