The European Central Bank (ECB) has promised to buy up to €750bn more of government and private bonds in a new "Pandemic Emergency Purchase Programme".
The spending would last until at least the end of 2020 "to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak", it said in a statement on Wednesday (18 March).
But it promised more if needed.
"The [ECB] governing council will do everything necessar...
Back our independent journalism by becoming a supporting member
Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.