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...
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Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.