France proposes eurozone rescue fund as its coronavirus deaths pass 4,000
01 April 2020 - 23:24
Paris — France became the fourth country to pass the 4,000 coronavirus deaths threshold on Wednesday, after Italy, Spain and the US, as the government proposed a shared coronavirus rescue fund for the eurozone.
France earlier proposed a shared coronavirus rescue fund for the eurozone, reports said. Finance minister Bruno Le Maire called for a limited fund that would allow the region to issue shared debt to tackle the economic fallout as Brussels heads for a showdown over “coronabonds”. The rescue scheme could last for five to 10 years and would be used to help the worst-hit economies...
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