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EU official: Aiming to launch EU recovery fund at start of 2021 in best case scenario

The European Union is aiming to launch a recovery fund on Jan 1, 2021 in the best case scenario, an EU official said on Thursday.

Spain has proposed the creation of a fund of up to 1.5 trillion euros ($1.62 trillion) financed by perpetual debt. 

[Reuters]

Current account gap widens in February, tourism revenue rises

Greece's current account balance showed a larger deficit in February compared to the same month last year, on the back of a wider trade gap and a deteriorated balance in the primary income account, the Bank of Greece said on Tuesday.
Central bank data showed the deficit at 1.138 billion euros ($1.23 billion) from a deficit of 1.015 billion euros in February 2019.

Turkey's coronavirus death toll reaches 908 with 42,282 total cases, says minister

Turkey's confirmed cases of coronavirus increased by 4,056 in the last 24 hours, and 96 people have died, taking the death toll to 908, Health Minister Fahrettin Koca said on Thursday.

The total number of recovered cases stood at 2,142, with 296 recoveries in the last 24 hours, and the number of tests carried out in that time was 28,578, the highest number yet, Koca said on Twitter.

ECB’s Lagarde: Let’s not get fixated on coronabonds

Europe should not get hung up on the idea of issuing coronabonds through a specially created European rescue fund, ECB President Christine Lagarde said in a newspaper interview published on Thursday.
"I don't think that we should get fixated on 'coronabonds'. In Europe, things take a bit more time than we would like, but we always find a solution," she told French daily Le Parisien.

Industrial output falls 3.4 pct y/y in February

Greek industrial output declined 3.4 percent in February compared to the same month last year, after an upwardly revised 1.0 percent fall in January, data from statistics service ELSTAT showed on Thursday.

Looking at index components, manufacturing production fell 2.1 percent from the same month in 2019, with water output down 1.1 percent.

WHO says Europe’s coronavirus outbreak still ‘very concerning’ despite progress

The World Health Organization's regional director described the outbreak of coronavirus in Europe as "very concerning" on Wednesday and urged governments to give "very careful consideration" before relaxing measures to control its spread.

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