Welcome to our Brexit weekly e-mail.                                                             Follow us on  

We are closing this trial so this is your last weekly e-mail unless you subscribe to either our Standard service - or the Gold service that effectively makes GahamBishop.com your personal researcher.

However, as the coronavirus pandemic grips the financial system ever-more tightly, we have decided to break for Easter early. I fear that the equity market is foretelling a very different system at the end of the crisis and that will require fresh thinking all round. In the meantime, take care and be safe.

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LSE: A Brexit extension will help stop this crisis becoming a disaster : After a quarter of flat GDP growth, Britain’s economy was hardly in the best position to weather the COVID-19 storm. The prospect of a disorderly Brexit will dent market confidence even further, writes Callum Tindall. View Article

David McAllister - BBC

Future EU-UK relations: EU is offering ‘cooperation of an unprecedented nature’ : Statement by David McAllister, Chair of the European Parliament’s UK Coordination Group, on the publication of a draft legal agreement on the future EU-UK partnership. View Article

UK in a Changing Europe: Covid-19 and the need for a longer transition : Extending the transition should no longer be a question – it has become a necessity, given the impact of COVID-19. The UK government must now recognise that it is in everyone’s interest to prolong the transition period, with the EU being as accommodating as possible, argues Fabian Zuleeg. View Article

 

Graham Bishop retweeted
	Lucy Meakin @lucy_meakin
The U.K. economy will contract at least 10% in the first half of the year as the fallout from the coronavirus hammers output, according to Bloomberg Economics' @DanHanson41 bloomberg.com/news/articles/… pic.twitter.com/JL6UTvPvYe
Graham Bishop retweeted
aba Rahman" src="https://pbs.twimg.com/profile_images/1230964279916027906/FUJ7gY1Q_normal.jpg" />	Mujtaba Rahman @Mij_Europe
IMPORTANT. @ecb President @Lagarde has **de-linked an ESM credit line (ECCL) from OMT support**. Why? @Lagarde unhappy at how unambitious Eurogroup's fiscal plans were proving ; wants to pressure finance ministers to do more. "Whatever it takes" now has a pretty serious wrinkle
Graham Bishop retweeted
	Bloomberg Brexit @Brexit
NEW: Angela Merkel's government approves an unprecedented 750 billion euro ($800 billion) package to protect Germany against the fallout from coronavirus trib.al/x7vBQ7D
Graham Bishop retweeted
FT Brussels" src="https://pbs.twimg.com/profile_images/931157406360449024/uendSDG1_normal.jpg" />	FT Brussels @ftbrussels
EU plans fiscal firepower boost to tackle coronavirus fallout on.ft.com/2Ur7ONA
Graham Bishop retweeted
	European Central Bank @ecb
The ECB estimates the impact of the Pillar 2 relief measures announced on 12 March to total €120 billion in CET1 capital. This enables banks to absorb losses or to potentially finance up to €1.8 trillion in loans to households and companies.
Graham Bishop retweeted
	Bloomberg @business
Boris Johnson dismissed calls to postpone Brexit, even as the coronavirus crisis delays trade talks and gradually monopolizes government time and resources trib.al/X6kryK9
Graham Bishop retweeted
	Bloomberg Brexit @Brexit
The ECB launches an emergency bond-buying program worth 750 billion euros in the latest attempt to calm coronavirus-hit markets trib.al/1FrRgyu
Graham Bishop retweeted
FT Brussels" src="https://pbs.twimg.com/profile_images/931157406360449024/uendSDG1_normal.jpg" />	FT Brussels @ftbrussels
Brexit transition deadline in doubt as talks called off on.ft.com/3a24zm8
Graham Bishop retweeted
	Bloomberg @business
Italy’s Prime Minister Giuseppe Conte called on European Union nations to issue “coronavirus bonds” to fund their response trib.al/w0MzvXs
	Graham Bishop @GrahamBishopcom
Looking at the market reactions to the weekend central bank moves, one can only be deeply disturbed... I've analysed the latest data from markets & looked into other #financialpanic crisis to see if there are parallels we can learn from #coronavirusimpact ow.ly/5Tju50yNIsz