Euro zone to consider credit line from bailout fund to fight coronavirus

Reuters |
Published: 03.24.20 , 15:20
Eurozone ministers will discuss on Tuesday the possibility of governments applying for a credit line from the bloc's bailout fund to fight the coronavirus crisis, a move that would also pave the way for unlimited ECB bond purchases if needed.
Finance ministers and the European Central Bank will have a teleconference at 1730 GMT but officials cautioned it was unclear if decisions could be taken now or if they would require the input of EU leaders who will hold talks on Thursday.
Eurozone officials are worried that as the pandemic spreads and the eurozone sinks into a deep recession this year, financial markets could start demanding a high price for lending to governments, putting some of the most highly indebted countries like Italy under a lot of strain.