Coronavirus could lead to breakup of Eurozone, EuroGroup head Centeno warns

1 April 2020
175 Views

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.

According to the French News Agency, which became aware of the letter on Tuesday, Centeno underlined: “We will inevitably come out of the crisis with a much higher level of debt”, adding “However, this effect and its lasting effects should not be a cause for fragmentation.”

In his letter, Centeno asked ministers to come up with proposals to deal with the risk of debt overhang, in a sign that the debate over issues such as joint debt issuance via so-called coronabonds would be on the table at their next discussion

“We should explore ways to put existing instruments to use, but should be open to consider alternatives, where the former turn out to be inadequate,” wrote Centeno.

You may be interested

Coronavirus Greece: 15 new cases from Tuesday, one fatality
GREECE
shares40 views
GREECE
shares40 views

Coronavirus Greece: 15 new cases from Tuesday, one fatality

makis - Jun 04, 2020

The new laboratory confirmed cases of corona in our country amount to 15 in the last 24 hours, according to…

Where Coronavirus Cases Are Still Growing Fast
WORLD
shares47 views
WORLD
shares47 views

Where Coronavirus Cases Are Still Growing Fast

Panos - Jun 04, 2020

After most European countries have flattened the curves of COVID-19 infections somewhat, new outbreak centres around the world are sure…

Sakellaropoulou – Mitsotakis’ clear message in Turkey: We will face all challenges
DEFENCE
shares26 views
DEFENCE
shares26 views

Sakellaropoulou – Mitsotakis’ clear message in Turkey: We will face all challenges

Panos - Jun 04, 2020

The President of the Republic welcomed the Prime Minister at the Presidential Palace, as Ankara’s provocations in the Aegean escalate.…

Leave a Comment

Your email address will not be published.