With the euro zone economy in need of help during the coronavirus epidemic, officials have until April 9 to design a package that satisfies ...
With the euro zone economy in need of help during the coronavirus epidemic, officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely against it.
Mutualising debt has always been a red line for Germany, the Netherlands, Finland and Austria, but France, Italy, Spain and six other countries have called for"a common debt instrument issued by a European institution" to fight the economic effects of the epidemic.EU leaders failed to agree last Thursday what to do, and gave ministers two more weeks to work it out.
The bank has already offered to immediately deploy close to 40 billion euros of additional funding to help fight the effects of the coronavirus. EIB head Werner Hoyer has also suggested that governments give the bank 25 billion euros in additional guarantees, which could then be used as leverage to mobilize 200 billion euros in additional financing to small and medium sized companies. EU finance ministers - its owners - could also agree to increase the EIB's capital to further boost lending.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: What the Federal Reserve has done in the coronavirus crisisThe Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, ...
Read more »
Coronavirus: Germans split over how to deal with the outbreak and save the economyBERLIN - Officially, German politicians display a sense of calm and authority as the country grapples with the coronavirus outbreak. Behind the scenes, however, an intense battle is taking place over how long the country can sustain a lockdown.. Read more at straitstimes.com.
Read more »
Global M&A dwindles as coronavirus batters world’s economiesGlobal mergers and acquisitions activity plunged 28per cent in the first quarter to its lowest level since 2016 as the devastating economic ...
Read more »
Coronavirus: Fed will do 'whatever it takes' to help US economy likely in recession, says DalySAN FRANCISCO (REUTERS) - The Federal Reserve is ready to do more to help a US economy ground to a sudden halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed president Mary Daly said on Tuesday (March 31).. Read more at straitstimes.com.
Read more »
Coronavirus: Malaysian economy will recover but will take time, says former PM MahathirPETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysia's economy will eventually recover from the global coronavirus pandemic once the country lifted the movement control order (MCO), assured former prime minister Mahathir Mohamad on Wednesday (April 1).. Read more at straitstimes.com.
Read more »
Coronavirus: New Zealand Rugby offers Super Rugby teams $211,000 in short-term supportWELLINGTON (REUTERS) - New Zealand Rugby has offered a grant of NZ$250,000 (S$211,400) to each of the country's five Super Rugby teams to help them get through the next three months while the game remains suspended because of the coronavirus pandemic.. Read more at straitstimes.com.
Read more »