Eurogroup reaches deal on coronavirus relief – report

Eurozone finance ministers reached a tentative agreement on economic relief aimed at negating the effects of the coronavirus pandemic, which will not insist on placing macro-economic conditions on credit lines from the bloc’s bailout funds, media reported on Thursday.

According to the reports, the deal includes preparation of the European Stability Mechanism precautionary credit lines, a boost to the lending capacity of the European Investment Bank, and the European Commission’s SURE package, which is designed to help protect jobs and workers affected by the coronavirus pandemic.

The group will reportedly also propose a recovery fund to help with the post-lockdown economic recovery.