On Friday 3 April, euro area finance ministers worked on emergency budgetary and economic measures to complement the European response to the socio-economic crisis caused by the COVID-19 pandemic, which may be positively received at the next Eurogroup meeting on Tuesday 7 April.
The three measures that seem most likely and feasible in the short term are as follows: - the activation of the European Stability Mechanism (ESM), the permanent rescue fund for the euro area, which has an...