|Publisher||General Secretariat of the Council|
|Publication Date||April 2020|
|Content Type||Overview, Policy-making|
The Eurogroup - in its inclusive format - held a video conference on 7 and 9 April 2020.
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.
|Subject Categories||Economic and Financial Affairs|
|International Organisations||European Union [EU]|