Stricter measures against Covid-19 will ‘take toll’ on European economies
The pandemic has created a new pile of bad loans that banks will have to handle
18 October 2020 - 18:27
Athens — The stricter measures intended to stem the coronavirus’s resurgence across the euro area will take an extra toll on local economies, said Fabio Panetta, a member of the European Central Bank’s executive board.
The bank’s latest staff projections show growth returning to pre-crisis levels by the end of 2022, and new measures “may push this horizon even further away”, Panetta said in an interview with Greek newspaper Kathimerini...
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