Portugal: Inevitable recession in Eurozone due to coronavirus crisis — Commissioner for Economic Affairs

European Commissioner for Economic and Financial Affairs, Paolo Gentiloni, predicted recession in the Eurozone, severity of which he connected to the duration of the coronavirus outbreak. The comment was made during a video conference with Klaus Regling, Managing Director of European Stability Mechanism and Mario Centeno, Portuguese Finance Minister and Eurogroup chief. Regling in turn said that... Еще the most «suitable» way to respond to the coronavirus crisis is to use the Enhanced Conditions Credit Line (ECCL). On Thursday, EU Finance ministers agreed on a 500-billion-euro emergency plan to help tackle the consequences of the pandemic. Mandatory credit: EBS Mandatory credit: EBS
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