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Eurogroup debates consequences of coronavirus economic crisis

Gulan Media June 11, 2020 News
Eurogroup debates consequences of coronavirus economic crisis
Brussels (dpa) - Eurogroup finance ministers are due to grapple with the economic consequences of the coronavirus pandemic again on Thursday.

The 19 finance ministers of the countries that use the euro are examining the effects on Cyprus, Spain and Greece, which were saved years ago during the financial crisis, and which now have to cope with a setback due to the pandemic.

The eurozone countries also want to discuss the current gloomy economic forecasts and plans for the economic recovery after the pandemic together with the other EU partners.

The videoconference is also expected to deal with one important personnel question: Eurogroup leader Mario Centeno plans to step down from his position and will officially ask for applications to succeed him.

His mandate ends on July 13. The election is expected to take place soon before that deadline.
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