A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, July 21, 2024

Europe sets up emergency lifeline worth billions

The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £700bn) package to ease the impact of the coronavirus pandemic.

It will buy government and company debt across the eurozone, including that of troubled Greece and Italy.

ECB boss Christine Lagarde tweeted “there are no limits” to its commitment to the euro.

In recent weeks central banks and governments around the world have announced major stimulus plans.

The so-called Pandemic Emergency Purchase Programme comes just six days after the ECB unveiled measures that failed to calm markets, piling pressure on it to do more to support Europe’s economies.

Announcing this latest move Ms Lagarde said the ECB will do everything in its powers to support the euro in these “extraordinary times”.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

Ursula Re-Elected as EU Commission President

Ursula von der Leyen Re-Elected as EU Commission President Brussels,...

Kings Speech Outlines New UK Government Agenda

London, UK – King Charles III delivered his second...

President Congratulates HH Sheikh Hamdan on New Roles

President His Highness Sheikh Mohammed Congratulates Sheikh Hamdan on...

New Ministers Sworn In by the President

Newly appointed ministers were sworn in today before President...

UAE & Indonesia expand Bilateral Ties

UAE & Indonesia Expand Bilateral Ties. Abu Dhabi, UAE -...

UAE and Belgium Hold Bilateral Consultations

UAE and Belgium Hold Bilateral Consultations The United Arab Emirates...

HH Sheikh Mohammed Bin Rashid Celebrates his Birthday

Greetings and good wishes have been pouring in for...

CG Dilovar Bahromzoda meets Director General GDRFA

His Excellency Dilovar Bahromzoda, the Consul General of the...

Foreign Minister Sheikh Abdullah Bin Zayed Appointed Deputy PM

HH Sheikh Abdullah Bin Zayed Appointed as Deputy Prime...