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Video conference of the Eurogroup, Online

De letters WWW staan op het scherm
Kevin Bergenhenegouwen
datum 24 maart 2020
locatie Online Toon locatie
organisatie Eurogroep

Due to COVID-19 precautionary measures, the Eurogroup convened via video conference.

Main results

Mário Centeno, President of the Eurogroup, holds a press conference on 24 March 2020.

The Eurogroup discussed further policy responses to the COVID-19 economic fallout, following the invitation of members of the European Council on 17 March.

Governments and institutions in the EU are taking decisive measures. First, there is a clear increase in our fiscal response. In one week alone, the total amount of the fiscal measures at national level has doubled and is now estimated at 2% of GDP. Liquidity support schemes for firms and workers have been scaled up from 10% to more than 13% of GDP. Second, coordinated measures at the European level are being deployed, supplementing national efforts. Third, we have started a debate on additional forms of support to reinforce crisis management and prepare the ground for the economic recovery.

Eurogroup President Mário Centeno

The President of the Eurogroup will report to the members of the European Council at their next video conference on 26 March.

There is board support to consider a Pandemic crisis support safeguard based on an existing ESM precautionary instrument, such as the Enhanced Conditions Credit Line (ECCL). This would provide an additional line of defence for the euro and work as an insurance to protect us against this unfolding crisis.

Eurogroup President Mário Centeno


Inhoud

1.

Eurogroep

De Eurogroep bestaat uit de ministers van Financiën van de landen die de euro als nationale munteenheid hebben ingevoerd (de eurozone). Dit samenwerkingsverband heeft als doel de coördinatie van economisch beleid binnen de muntunie te versterken en de financiële stabiliteit van de eurolanden te bevorderen. Het is strikt genomen een informeel orgaan en geen formatie van de Raad.

De Eurogroep bereidt ook de bijeenkomsten voor van de Eurotop, die bestaat uit de staatshoofden en de regeringsleiders van de eurolanden, en zorgt voor de uitwerking van de besluiten die daarin worden genomen.

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