EU’s Coronavirus Emergency Deal



EU’s Coronavirus Emergency Deal

On April 09, Eurogroup finance ministers agreed an emergency rescue package aimed at responding to the coronavirus crisis but left unresolved questions on how to pay for a later economic recovery plan for the bloc. While ministers agreed on a €500bn package of palliative economic measures in their meeting, they did nothing to lay to rest the festering dispute over how to pay for the longer-term economic reconstruction effort that will follow the crisis. The emergency rescue package promises to make available more than half a trillion euros to cushion the impact of the coronavirus pandemic across Europe.

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