Euro

New eurozone ‘coronabonds’ body might take three years to set up, says Regling

A new mechanism to enable the issuance of joint eurozone debt to counter economic fallout from the coronavirus epidemic - as recommended by nine European leaders - could take up to three years to set up, the head of the bloc's bailout fund said.

650 million euro, for furlough and medical equipment, reimbursed from EU funds

Payments for furlough, worth 300 million euro, as well as for medical equipment worth a total of 350 million euro will be reimbursed from European funds, said, on Monday, at the start of the government session, the Minister of European Funds, Marcel Bolos.

Greece hopes for 'corona bond' to assist virus-hit countries, says spokesman

Greece hopes EU countries will agree on a common debt instrument to raise funds to support economies in combating the new coronavirus, government spokesman Stelios Petsas said in a press briefing Thursday.

"Obviously, the state of the real economy has deteriorated and continues to deteriorate. This is why we are reevaluating the situation on a daily basis," he said.

EBRD helps in tackling crisis

The Covid‐19 pandemic and its economic consequences present an unprecedented challenge to Greece and the world. The European Bank for Reconstruction and Development (EBRD) has established an emergency 1-billion-euro "Solidarity Package" of measures to support its economies.

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