ECB to gobble up 750 billion euros of debt in emergency move to combat virus hit
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FRANKFURT (Reuters) - The European Central Bank launched a 750 billion euro (709.5 billion pounds) emergency bond purchase scheme after an unscheduled meeting on Wednesday, attempting to stem a spiralling economic and financial crisis.With much of Europe in lockdown amid the coronavirus outbreak, economic activity has come to a near standstill and markets have been in a tailspin, foreshadowing a deep recession on par with the downturn seen in the 2008 global financial crisis. "Extraordinary..