| Author (Corporate) | Eurogroup |
|---|---|
| Publisher | General Secretariat of the Council |
| Publication Date | April 2020 |
| Content Type | Overview, Policy-making |
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Summary: The Eurogroup - in its inclusive format - held a video conference on 7 and 9 April 2020. Further information: Finance ministers from across the European Union worked on further measures for a coordinated response to the economic impact of the COVID-19 pandemic, as requested by the European Council in March 2020. Media outlets reported on the ongoing tension between two factions within the Eurozone around the issuing of the so-called 'coronabonds' - shared debt to cover the financing of measures to address the sanitary crisis and consequent economic fallout. This was the reason why the video conference - initially scheduled to be held solely on 7 April - was later extended to 9 April. A report was eventually adopted by the Eurogroup, which outlines a set of proposals subject to endorsement by the European Council at a later date. The Eurogroup also held a first discussion on a proposal for a temporary recovery fund to support European investments towards a "better, greener, more resilient and more digital economy". The head of the Eurogroup discussed these measures with the European Parliament's economic and monetary affairs committee on 21 April. |
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| Source Link | Link to Main Source https://www.consilium.europa.eu/en/meetings/eurogroup/2020/04/07-09/ |
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Eurogroup |
| Keywords | Eurogroup Meetings |
| International Organisations | European Union [EU] |
