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Börse Express – VIRUS: EU ministers discuss answer to Corona economic crisis

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The fight against the Corona economic crisis
on Thursday (from 3.30 p.m.) again the EU economic
and finance minister. The EU Commission wants one for the ministers
Give an assessment of how severe the pandemic is to the European
Economy has hit. In addition, Federal Finance Minister Olaf want
Scholz and his EU counterparts legislation on countermeasures
push ahead, including the planned short-time worker program “Sure”.
EU banking rules should be relaxed, so that citizens and companies
continue to have access to credit.

Finance ministers were in the Eurogroup last week
Corona rescue package worth up to 540 billion euros
laced. In addition to “Sure”, this also includes a program of
European Investment Bank EIB for corporate loans and
precautionary lines of credit of the ESR for
Health care expenditure. Also the establishment of a reconstruction fund
has been arranged, but so far without details. The EU countries
are divided whether so-called corona bonds are used for financing
common bonds to be used./vsr/DP/fba

AXC0045 2020-04-16 / 05: 50

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