Displaying items by tag: eurozone

The European Central Bank (ECB) has warned eurozone finance ministers that the eurozone may need 1.5 trillion euros to deal with the economic crisis caused by the Covid-19 epidemic, European officials told Reuters.

Despite being relatively contained, the spread of Covid-19 is expected to have a significant impact on growth in Greece, with recovery after the crisis subsides to be slower, according to a study released this week by banking and financial services group ING.

The Finance Minister of Portugal and EuroGroup President Mario Centeno warned the 19 Eurozone Finance Ministers in letter that the impact of the coronavirus pandemic could result in the the Eurozone.