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Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The EU will allocate 37 billion investment to combat the effects of coronavirus

March, 13 2020
watermark Economic news

The European Union decided to create an investment initiative of €37 billion as part of a package of measures to protect the region’s economy from the effects of a coronavirus outbreak. This was stated today by the President of the European Commission Ursula von der Leyen.


Additional measures that the executive branch of the European Union will take include the provision of flexibility to member states regarding budget deficit rules and government aid.


The EU will also use 1 billion euros of EU money to guarantee up to 8 billion euros in loans to 100,000 companies affected by the coronavirus epidemic to support the corporate sector.


The Head of the European Commission at the same time noted her conviction that the EU will be able to withstand economic shock only if each member state lives up to its full responsibility.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.