Video conference of the Eurogroup, 7-9 April 2020

Author (Corporate)
Publication Date April 2020
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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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Eurogroup: Remarks by Mário Centeno following the Eurogroup videoconference of 9 April 2020
Eurogroup: Press Release, 09/04/2020: Report on the comprehensive economic policy response to the COVID-19 pandemic
EIB: Media Centre, 09/04/2020: Statement by President Hoyer on Eurogroup's agreement for a joint response to COVID-19
European Commission: Remarks by Commissioner Gentiloni at the Eurogroup press conference (9 April 2020)
European Council: Statement by the President of the European Council Charles Michel following the agreement of the Eurogroup (10 April 2020)
European Parliament: Press Release, 21/04/2020: More ambition needed for EU recovery instruments, says majority of MEPs

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