Economy minister Bruno Le Maire speaks with his advisors prior to an Eurogroup meeting, in the minister's office in Paris on april 9, 2020, on the 24rd day of a strict lockdown aimes at curbing the spread of Covid-19, the novel coronavirus.
"Europe has decided and is ready to meet the gravity of the crisis," French Finance Minister Bruno Le Maire tweeted after the talks. The package agreed is worth about $546 billion, short of what many observers believe is necessary to restart the European economy when the health crisis recedes. Italy and Spain had the backing of the majority of member states to keep the conditions for tapping the ESM to an absolute minimum, but the Netherlands fought hard for something tougher.
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EU Finance Ministers Agree to Funding to Cushion Impact of CoronavirusEuropean finance ministers worked through deep differences to agree to a package of measures totaling half a trillion euros aimed at blunting the impact of the crisis on the region’s fragile economy, officials said. But a bigger conflict over whether to share the costs of the health crisis was deferred. 🦠 COVID-19 | 🤕 1,529,360 | Deaths 89,415 by cronycle Learning to fail, failing to learn My daily on COVID19 Why did the senate kill more money for workers and small business. Well isn't that nice of them. Considering there's a whopping 741.4 million in Europe, how's that paltry sum going to make a dent, and who get's the majority?
Source: WSJ - 🏆 98. / 63 Read more »
European stocks fall on grim economic forecasts and EU failure to agree a pandemic recovery planEuropean stocks fell Wednesday as investors looked at some gloomy economic forecasts and the failure of the European Union to come up with a united front against the pandemic. BitcoinFX_BTC They fell cause ECB printer is no match for US Fed printer. It can't pump the ponzi market.
Source: MarketWatch - 🏆 3. / 97 Read more »