Eurozone Ministers Agree to €500bn Rescue Package
April 10, 2020--Under increasing strain to hold their political and economic union together, Eurozone finance ministers agreed to a €500 billion economic rescue package for workers, businesses and governments.
Eurogroup President Mário Centeno said the plan is meant to ensure Europe grows "together and not apart once the virus is behind us."
The latest rescue package to deal with the economic fallout from the COVID-19 crisis comes on top of monetary and fiscal stimulus measures worth trillions of Euros. Previous measures amount to 3 percent of GDP in fiscal measures and 16 percent of GDP in new monetary policies, according to the Eurogroup.
Finance ministers from the 19 Eurozone countries agreed to the latest measure after a marathon 14-hour session.
"Now we are building Europe...
