Video conference of the Eurogroup, 8 May 2020

Author (Corporate)	Eurogroup
Publisher	General Secretariat of the Council
Publication Date	08/05/2020
Content Type	Overview, Policy-making
	Summary: The Eurogroup - in its regular format - held a video conference on 8 May 2020. Further information: The Eurogroup agreed on the so-called Pandemic Crisis Support instrument of the European Stability Mechanism (ESM) and adopted a Statement on this matter. This mechanism is part of a package of immediate economic support in the context of the COVID-19 (coronavirus) outbreak, previously agreed by the Eurogroup. Finance ministers also exchanged views on the economic situation of the Eurozone, based on the economic forecast published by the European Commission.
Source Link	Link to Main Source https://www.consilium.europa.eu/en/meetings/eurogroup/2020/05/08/
Related Links	Official EU ESM: ESM Pandemic Crisis Support https://www.esm.europa.eu/content/europe-response-corona-crisis European Commission: Letter from Executive Vice-President Dombrovskis and Commissioner Gentiloni to Eurogroup President Centeno clarifying how the Commission intends to carry out surveillance in the framework of the ESM’s pandemic crisis support, 7 May 2020 https://ec.europa.eu/info/sites/info/files/economy-finance/letter_to_peg.pdf European Commission: Remarks by Commissioner Gentiloni at the Eurogroup press conference, 8 May 2020 https://ec.europa.eu/commission/presscorner/detail/en/speech_20_842 Eurogroup: Eurogroup Statement on the Pandemic Crisis Support, 8 May 2020 https://www.consilium.europa.eu/en/press/press-releases/2020/05/08/eurogroup-statement-on-the-pandemic-crisis-support/ Eurogroup: Remarks by Mário Centeno following the Eurogroup videoconference of 8 May 2020 https://www.consilium.europa.eu/en/press/press-releases/2020/05/08/remarks-by-mario-centeno-following-the-eurogroup-videoconference-of-8-may-2020/ EU ESM: Press Release, 08/05/2020: Klaus Regling at Eurogroup video press conference https://www.esm.europa.eu/press-releases/klaus-regling-eurogroup-video-press-conference-2020-05-08 News EurActiv, 09/05/2020: ESM corona-loans expected to be available from 15 May https://www.euractiv.com/section/economy-jobs/news/esm-corona-loans-expected-to-be-available-from-15-may/ EurActiv, 09/05/2020: Conte still ‘cautious’ on ESM but up to Italian parliament to decide activation https://www.euractiv.com/section/economy-jobs/news/conte-still-cautious-on-esm-but-up-to-italian-parliament-to-decide-activation/ Reuters, 08/05/2020: EU aiming to agree first part of coronavirus economic rescue, but work unfinished https://uk.reuters.com/article/idUKL8N2CQ4XT RTÉ News, 08/05/2020: €240 billion in low-cost credit for eurozone member states approved https://www.rte.ie/news/2020/0508/1137356-240-billion-in-low-cost-credit-for-eurozone-states/ Commentary and Analysis EPRS: Briefing, May 2020: ESM Pandemic Crisis Support https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_BRI(2020)651350
Subject Categories	Economic and Financial Affairs
Subject Tags	Eurogroup
Keywords	Eurogroup Meetings
International Organisations	European Union [EU]