ECB to print 1 trillion euro this year to stem coronavirus rout
Share:
FRANKFURT (Reuters) - The European Central Bank launched new bond purchases worth 750 billion euros at an emergency meeting late on Wednesday in a bid to stop a pandemic-induced financial rout shredding the euro zone's economy and renew concerns about the bloc's viability.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 2008 global financial crisis and..