Eurogroup chief tells Kathimerini of need for grants, not only loans

As European countries brace for the economic fallout of the coronavirus pandemic, the president of the eurozone group of finance ministers known as the Eurogroup, Mario Centeno, in an interview with five European newspapers including Kathimerini, has underlined the need for "a suitable mix of grants and loans in the recovery," warning of a new crisis if adequate support is not provided. 

Editorial: Framing the obvious course of action as a triumph

Albeit at the last minute, eurozone countries managed to strike a compromise on an economic package to handle the enormous repercussions of the coronavirus pandemic.

In a previous editorial we had underlined that there was no other choice unless member-states want the breakup of the eurozone.

Brussels sees Greek recession at 8-9 pct this year

The European Union estimates that the Greek economy will contract by 8 to 9 percent this year due to the coronavirus pandemic, much higher than the government's projections.

Officials in Brussels revealed that forecast on Wednesday, during a conference call with the finance ministers of the Greek government regarding the assessment of the Greek economy.

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.