EU leaders tussle over corona bond response

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By Lewis McLellan, Tyler Davies
26 Mar 2020

The EU took serious steps towards helping member states deal with the cost of the coronavirus crisis this week, with the European Central Bank removing the issuer limits from its emergency purchase programme and the Eurogroup reaching agreement on a new credit line from the European Stability Mechanism. Despite these important breakthroughs, one question still looms large: can the eurozone come together to issue joint corona bonds?

Leaders of the 27 EU member states met over a video conference on Thursday to discuss their response to the coronavirus pandemic.

They did not announce any sweeping new financial measures to battle the pandemic and its economic effects, but it seemed clear that joint ...

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