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Europe Daily Bulletin No. 12483

9 May 2020
Contents Publication in full By article 1 / 32
EU RESPONSE TO COVID-19
EMU: Eurogroup finalises modalities for activating European Stability Mechanism credit line
Brussels, 08/05/2020 (Agence Europe)

On Friday 8 May, the Finance Ministers of the euro area finalised the terms and conditions for activating the European Stability Mechanism (ESM) credit line that a euro-area country will be able to activate up to 2% of its national GDP (reference end 2019) in order to contribute to the health expenditure incurred to combat the Covid-19 pandemic.

We are on track to meet the “1 June” deadline for putting in place the three safety nets for states (ESM credit line of €240 billion),...

Contents

EU RESPONSE TO COVID-19
SECTORAL POLICIES
ECONOMY - FINANCE
INSTITUTIONAL
EXTERNAL ACTION
NEWS BRIEFS
CORRIGENDUM
CALENDAR
CALENDAR EXTRA