Bailout fund

    • Eurogroup supports use of bailout fund to fight coronavirus crisis

      Eurogroup supports use of bailout fund to fight coronavirus crisis

      Eurozone finance ministers broadly supported the use of bailout fund, or the European Stability Mechanism, to help those member countries struggling hardly with the coronavirus outbreak. After the Eurogroup video conference on Tuesday, President Mário Centeno, said leaders took stock of all the measures already taken and also of the initiatives that are being explored among institutions to tackle the economic crisis caused by the coronavirus outbreak.

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    • Italy divided over Eurozone reform

      Italy divided over Eurozone reform

      Italy's ruling parties failed to reach an agreement last week over a planned reform of the Eurozone's bailout fund, news wires reported. “There are strong critical points in the reform. We continue to work on it,” Raphael Raduzzi, a lawmaker for the ruling 5-Star Movement said cited by Reuters at the end of a meeting of top coalition figures including PM Giuseppe Conte. Speaking in Rome after talks with Conte, Economy Commissioner Pierre Moscovici said the reform was in the interests of all Eurozone countries, including Italy.

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