Eurozone Finance Ministers explored by videoconference on Tuesday 24 March several options to further strengthen the euro area’s lines of defence against the COVID-19 pandemic.
Granting ECCL credit lines by the European Stability Mechanism (ESM) – the euro area’s permanent rescue fund, which currently has a firepower of €410 billion – is the option that enjoys “broad support” within the Eurogroup, said its president, Mário Centeno, after a meeting by videoconference that...