A European consensus to face the disastrous economic crisis caused by Covid-19 and containment measures. After weeks of negotiations, the 27 member countries of the Eurogroup reached an agreement on Thursday evening 9 April. A relief for the spokesperson for the president of the Eurogroup. In response to this crisis, European heads of state and government have agreed on an immediate 500 billion euro envelope.
An exceptional plan based on three levers. Up to 240 billion euros in loans from the euro area rescue fund, plus 200 billion euros in guarantee funds for businesses, as well as 100 billion euros to support short-time working. Common ground hailed on social networks by the Minister of Economy and Finance, Bruno Le Maire: “Europe decides and lives up to the gravity of the crisis”, he said. The heads of state and government will soon have to validate these proposals.
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