European Central Bank announces €750B coronavirus stimulus
Wednesday, March 18, 2020 | Tag Cloud Tags: coronavirus, EU, Euro, Europe, News, Twitter, virus, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The European Central Bank (ECB) announced an economic stimulus program worth €750 billion Wednesday night.
The central bank said in a statement that the governing council had decided to launch a temporary asset purchase program to navigate the economic downturn across the eurozone linked to the coronavirus outbreak. The program should last until the end of 2020.
“Extraordinary times require extraordinary action,” ECB chief Christine Lagarde said on Twitter. “There are no limits to our commitment to the euro. We are determined to use the full potential of our tools, within our mandate.” [ Source: Politico (Read More…) ]
Latest Worthy News
Israel’s Airstrikes Cripple Key Parts of Iran’s Nuclear Program—but Fordow Remains a Major Challenge
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.