Video conference of the Eurogroup, 24 March 2020

Author (Corporate)
Publication Date 24/03/2020
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The Eurogroup held a video conference on 24 March 2020, during which there was a discussion on further policy responses to the economic impact of the COVID-19 outbreak.

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Media sources reported on increasing consensus in the Eurogroup around the creation of a pandemic crisis support safeguard based on an existing precautionary instrument within the European Stability Mechanism (ESM).

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Related Links
RTÉ News, 24/03/2020: Eurozone 'agrees in principle' to use bailout mechanism to aid economies affected by coronavirus pandemic
EurActiv, 25/03/2020: Eurogroup nearing agreement to use bailout fund against pandemic
Politico, 24/03/2020: EU finance ministers deadlock on coronavirus economic strategy
Bloomberg, 25/03/2020: Eurogroup’s Centeno Sees ‘Broad Support’ for ESM Use When Needed

Eurogroup: Remarks by Mário Centeno following the Eurogroup videoconference of 24 March 2020
European Commission: Remarks by Commissioner Gentiloni at the Eurogroup press conference (24 March 2020)
Eurogroup: Letter of Eurogroup President Mario Centeno to the President of the European Council following the Eurogroup of 24 March 2020

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