×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
08
Dec 2025
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Politics

EU ministers hope to agree to half a trillion Euro coronavirus rescue

“The economic plan will shield our economic and social tissue as we dive into a recession”

Newsroom April 7 05:51

Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus, a discussion that has sown divisions as the bloc struggles with the outbreak.

If they do agree, the joint EU and national government responses could add up to the biggest fiscal support programme in the world, surpassing that of the United States, Reuters calculations showed.

But there is no deal is in sight on issuing joint debt, something hardest-hit Spain and Italy have demanded but were denied by the more fiscally conservative Germany and the Netherlands.

The ministers will agree on three economic safety nets – for workers, for businesses and for governments, the chairman of the ministers Mario Centeno said in a video statement.

“It is arguably the most sizeable and ambitious package ever prepared by the Eurogroup. It builds on unprecedented efforts already take by governments and monetary authorities,” he said.

See Also:

Deutsche Bank: How can tourist destinations attract travelers this summer

>Related articles

Mitsotakis: “Farmers will receive every euro they are entitled to — Solutions come through dialogue, not roadblocks”

Greece on the European economic map: signals of reward, early debt repayment and Pierrakakis’ nomination for the Eurogroup

Papastavrou: The ministerial meeting of the Greece, Cyprus, Israel and the USA group in Washington in April

“The economic plan will shield our economic and social tissue as we dive into a recession,” he said.

The fight about how far to go to cushion the downturn has left the ailing south chastising its wealthier peers for not showing enough solidarity and casting it as an existential test that could break the EU.

Read more: Reuters

Ask me anything

Explore related questions

#coronavirus#COVID-19#diplomacy#economy#eu#EuroGroup#europe#negotiations#politics#reuters#world
> More Politics

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Family confrontation – Andreas Psicharis sues his father’s widow for 19 works of art of immense value

December 7, 2025

The story of Greece’s trolleybuses: From the first routes to the the last

December 7, 2025

“We are really very close to a peace agreement for Ukraine,” says Trump’s special envoy

December 7, 2025

Dismantling of trolleybus cables begins in Piraeus — Watch the video

December 7, 2025

Armed police raid at Heathrow: Train services suspended, arrests and tear gas reported

December 7, 2025

Mitsotakis: “Farmers will receive every euro they are entitled to — Solutions come through dialogue, not roadblocks”

December 7, 2025

Improved weather today — where local showers are expected

December 7, 2025

The livestock farmer who tearfully bid farewell to his 450 sheep collapses; Hospitalized in Giannitsa with stroke symptoms

December 7, 2025
All News

> Greece

Family confrontation – Andreas Psicharis sues his father’s widow for 19 works of art of immense value

Three years after the death of Stavros Psicharis, his son Andreas claims the multi-million euro collection found in the publisher's house in Kolonaki with works by Picasso, Dalí, Delacroix, Munch and others, claiming that he bought it himself and handed it over to his father for safekeeping. His father's widow Christina Tsutsoura denies that it belongs to him and claims it was her husband's

December 7, 2025

The story of Greece’s trolleybuses: From the first routes to the the last

December 7, 2025

Dismantling of trolleybus cables begins in Piraeus — Watch the video

December 7, 2025

Improved weather today — where local showers are expected

December 7, 2025

The livestock farmer who tearfully bid farewell to his 450 sheep collapses; Hospitalized in Giannitsa with stroke symptoms

December 7, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα