By Jan Strupczewski
BRUSSELS (Reuters) - The European university has responded ought the coronavirus, seen by German Chancellor Angela Merkel though the biggest challenge though clay campaign Two, with a broad mount of measures ought edge the disperse of the sickness and the resulting economic damage.
LOCKDOWNS
- EU leaders closed Europe's outer borders because 30 days with an preference ought extend that.
- EU countries eat introduced national lockdowns, closing bars, restaurants and cinemas, and calling off events that expend together great numbers of people.
- ought own merchandise flowing can the interior EU just of 450 million people, the committee has proposed rapid lanes because lorries carrying ware across borders.
ECONOMIC STIMULUS
- The European Central bank launched a 750 billion euro emergency bond buy scheme, taking its entire bond buying ought a gigantic 1.1 trillion euros, arguably the biggest such program globally. The ECB included can it even countries though Greece, whose low faith rating used to normally exclude it from such schemes.
- The ECB though noise provided banks with additional liquidity and eased principal requirements therefore that they can cope with bigger problems with repayments of loans from borrowers.
- Euro district finance ministers eat therefore distant agreed above a 1% of GDP, or 120 billion euro, fiscal stimulus and announced measures worthy 10% of GDP, or 1.2 trillion euros, ought own companies from going bankrupt and laying off workers. Governments eat promised more will follow if needed.
- The committee and EU finance ministers decided that national governments can expend though much though they desire above fighting the epidemic, without the dare of falling foul of EU budget rules which limits government borrowing ought dwelling the evaluate of the commonplace cash - the euro.
- The European Investment Bank, the gigantic government-owned investment arm of the bloc, offered almost 40 billion euros can additional financing ought small- and medium-sized companies ought assist them remain can business.
- Euro district countries are considering ways ought site their bailout fund with its unused 410 billion euro capability ought profession ought uphold the economy.
MEDICAL SUPPLIES AND VACCINES
- The European committee decided ought build a stockpile of watch masks, intensive worry apparatus and other theorem medical gear ought tackle shortages can Europe. It made exports of protective personal apparatus outer the EU issue ought national government decisions.
- The committee mobilized 140 million euros of public and personal funding because inquiry abe vaccines, diagnosis and treatment. It though noise pledged 80 million euros can economical uphold ought a German corporation CureVac after it emoverged that Washington was trying ought counsel it ought confront its inquiry into a vaccine against the coronavirus ought the United States and unity the U.S. exclusive access ought the results.
REPATRIATION OF CITIZENS
The EU is paying 75% of the costs of flying uphold EU nationals from approximately the globe.
(This romance adds dropped language ought headline)
(Reporting by Jan Strupczewski; Editing by Giles Elgood)
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