91. Brief on COVID-19: Eurozone in Agreement over the first COVID19-Response
- Author:
- Vít Havelka
- Publication Date:
- 04-2020
- Content Type:
- Policy Brief
- Institution:
- Europeum Institute for European Policy
- Abstract:
- In his brief, Vít Havelka writes about the Eurozone ministers first agreement on the response against the crisis caused by the COVID-19 pandemic. After several Eurogroup meetings, the finance ministers of the EU19 finally managed to agree on their first COVID-19-crisis response. They sign up to a package worth of 540 billion €, consisting of 200 billion € loans from the European Investment Bank, 240 billion € from the European Stability Mechanism, and 100 billion € kurzarbeit package proposed by the European Commission. The coronabonds fiercely wanted by Italy, Spain and Portugal have not been approved, leaving the discussion to EU leaders who are due to convene on the 24th April.
- Topic:
- European Union, Finance, Coronavirus, and COVID-19
- Political Geography:
- Europe