Coronavirus: the Twenty-Seven agree on a 540 billion euro plan

“ There is no good compromise without good ambiguities. Of all the Union's finance ministers, Bruno Le Maire best summarized the way in which the Twenty-Seven managed to agree Thursday evening on the economic response to the coronavirus crisis. While activity is paralyzed, partial unemployment explodes and 60,000 deaths are to be deplored, the conclusions adopted during the videoconference are a model of semantic complexity. This is very often the case when you have to agree at Vingt-Sept. More this time. To get out of the blockage, everyone had to find their account.

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This 540 billion euro agreement, which heads of government still have to validate on April 23, relates to three major measures intended to help economies make the best of the current air gap: a line of credit of 240 billion via the European Stability Mechanism (ESM) for health spending, 100 billion for the financing of measures

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