EU agrees first part of coronavirus economic rescue, but job not done yet

Finance ministers of the 19-nation region signed off on the details of cheap, long-term credit lines that will be made available by the European Stability Mechanism (ESM), the bloc’s rescue fund, to countries that need cash to cover extraordinary health costs caused by the outbreak.“Reflecting the exceptional nature of the crisis, we have agreed on favourable and adequate financial terms,â€â€¦

Read more