COVID-19: EU’s plan to save the economy

The European Commission estimates the economic impact of the coronavirus outbreak could be greater than the financial crisis in 2008.

In order to keep the economy running, the EU executive introduced flexibility for funds and national expenditure, member states approved a safety net of liquidity for countries, workers and companies involving the ESM, EIB, and Commission SURE, and EU leaders agreed on the need to work out a recovery plan for the block in the coming months.

EURACTIV looked into the details of the EU’s economic response to the COVID-19 outbreak.

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