The Eurogroup’s video conference ended with applause. The Council of Ministers of Finance of the euro zone has agreed on a plan to support the EU economy in the context of a pandemic of 500 billion euros.
Head of the French Finance Ministry Bruno Le Mayor has already called the results of the meeting “great news. According to him, this is an important day in the history of the European Union.
Excellent accord entre ministres des Finances européens sur la réponse économique au #Coronavirus : 500 milliards d’euros disponibles immédiatement. Un fonds de relance à venir. L’Europe décide et se montre à la hauteur de la gravité de la crise.
— Bruno Le Maire (@BrunoLeMaire) April 9, 2020
The previous meeting lasted more than 16 hours and ended inconclusively due to disagreements between the Netherlands and Italy. The issue of issuing Eurobonds, around which the countries were in dispute, has not been resolved. In the end, the meeting did not consider it urgent in the current situation.
The program of assistance should combine the measures and schemes proposed earlier by the EU institutions to provide assistance to different areas of the community economy.OPEC+ will continue negotiations on 10 April to reach consensus with Mexico