EU countries near agreement on economic rescue package

Scholz_PA_575x375_7April2020
By Jasper Cox, Jean Comte
07 Apr 2020

The European Investment Bank, the European Stability Mechanism and a new unemployment fund are set to play a part in EU finance minsters’ response to the coronavirus crisis. Coronabonds are likely to be mentioned at their meeting on Tuesday evening, but any concrete plans for mutualised debt look to be elusive at this stage.

Officials from EU member states have been hammering out details of a package to be discussed by finance ministers at the Eurogroup meeting. The goal is to provide emergency support to the EU economy. A press conference is scheduled for 8pm Brussels time, although history suggests this deadline ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial