The Finance Ministers of the Euro area will try to finalise, on Friday 8 May, the documentation necessary for the activation of the credit lines of the European Stability Mechanism (ESM), the Euro area's permanent rescue fund, from which the Nineteen will be able to activate up to 2% of their national GDP to cover budgetary expenditure related to the fight against the Covid-19 pandemic.
The aim of this work is to translate into legal language one of the aspects of the overall agreement...