Move is part of coordinated effort with European Central Bank and others to head off potential economic crisis due to coronavirus. The US Federal Reserve stepped in on Sunday to prop up the US economy in the face of the escalating Covid-19 crisis. In its most dramatic move since the 2008 financial crisis the Fed announced it is cutting its benchmark interest rate to near zero and said it would buy $700bn in Treasury and mortgage-backed securities as it attempts to head off a severe slowdown. Source The Guardian
Police officers were targeted by gunfire in Lyon this Monday evening, in the district of La Duchère. There are no injuries to deplore. The author (s) are actively sought. The police from the RAID branch are on site as reinforcements. Source Actu17
France: Night of urban violence in the district of Perseigne in Alençon (Orne). About fifteen vehicles were set on fire. The police and firefighters came under firework mortar fire and projectile jets. Source Actu17
Poland must pay daily fines of €1 million over its controversial judiciary reforms, the European Union’s Court of Justice (ECJ) has ruled. The penalty is believed to be the highest ever imposed on a member state. The punitive measures will be in place until Warsaw agrees to comply with an ECJ ruling issued back in July that ordered the immediate suspension of the disciplinary chamber of judges of the Supreme Court and the reversal of the decisions it had already taken on the lifting of judicial immunity. The chamber can punish magistrates according to the content of their resolutions. Source Euronews
