Germany’s Merkel: Impact of coronavirus likely to be bigger than financial crisis

//Germany’s Merkel: Impact of coronavirus likely to be bigger than financial crisis

Following the G20 leader’s conference call on the coronavirus outbreak, Germany’s Chancellor Angela Merkel said that the impact of coronavirus likely to be bigger than the financial crisis. Further quotes We have asked Eurozone finance ministers to work out within two weeks the technical details of bailout fund credit lines for euro zone to fight coronavirus. For Germany, ESM bailout fund is the main instrument to help other European countries in the coronavirus crisis. When asked on Eurobonds, she said that the ESM is giving enough scope to react without giving up fundamental principles. On Thursday, the German … (full story)

2020-03-27T12:07:10+00:00