MADISON, Wis.–The World Council of Credit Unions and its European Network of Credit Unions (ENCU) are joining with the European Parliament Credit Union Interest Group (EPCUIG) to host a virtual roundtable today titled, “The COVID-19 Crisis and the Role of Community Finance in Economic Recovery.”
The roundtable will be held from 7 a.m.-8:30 a.m. Central Standard Time.
“The pandemic has had a number of far-reaching impacts on European businesses, economies and societies,” WOCCU said. “The widespread disruption caused by lockdowns and continuous uncertainty has damaged businesses’ profitability, and led to a rise in unemployment and economic hardship for a significant share of European citizens. With the prospect of a large-scale economic recession looming large in Europe, the road to economic recovery is likely to be difficult.”
Given this context, the organizations said the aim of the virtual roundtable will be to look at the economic and regulatory impact of the pandemic in the E.U., and to examine the ways in which community finance and financial inclusion initiatives can aid the post-COVID-19 recovery.
At the Table
The roundtable will feature panelists from:
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- The European Commission
- The European Parliament
- The European Banking Authority
- Social Economy Europe
- Polish National Association of Cooperative Savings and Credit Unions (NACSCU)
- Irish League of Credit Unions (ILCU)
To register, go here.