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ECB gives eurozone a €500bn shot in the arm
By EUobserver
The European Central Bank is to inject a further €500bn into its corona-relief bond-buying scheme, the Pandemic Emergency Purchase Programme, bringing the total to €1.85 trillion. It also extended the life of the scheme by nine months until March 2022 and the life of its super-cheap bank loans until June 2022, in a sign of how long the economic fallout of the health crisis is likely to continue.