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ECB is helping markets, bailout fund will help Italy

The European Central Bank launched an emergency bond-buying program worth €750bn in an attempt to calm markets and help the economy cope with the coronavirus epidemic. It will buy public and private-sector securities. The ECB tries to stem the growth in government bond yields in Italy, which already has the euro zone’s second-biggest debt burden (135% of GDP) after Greece and is the worst-affected by the disease. The ECB is banned by law to finance governments and the EU might activate the euro zone’s bailout fund.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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