Government recovery plans must lay the foundations for an irreversible shift to a resilient, net-zero and inclusive world economy.

Need for green investments is crucial: current pandemic shows responsible investors in emerging markets can collaborate with issuers through green bonds to unlock long-term capital and help issuers become more resilient for shocks to come

Spanish banks' reassuring Q1 results showed that they should be able to withstand rising cost of risk in 2020, thanks to strong pre-provision profits. But uncertainties abound, and the risk of a longer-than-anticipated economic contraction remains.

On Tuesday the German constitutional court decided that the Bundesbank would stop participating in the ECB Quantitative Easing program known as PSPP in three months unless corrective measures were taken. These include oversight by the German parliament and government and questions regarding whether the ECB was directing fiscal policy which is not in its mandate.

Deteriorating collateral values and higher defaults will impair the performance of Irish re-performing RMBS, even if cash reserves are adequate to cover temporary collection delays and liquidity shortfalls related to Covid-19 payment holidays.