EU finance ministers argued over crisis measures to help European countries withstand the economic shock of the coronavirus outbreak Tuesday, with powerful Germany cautious about rewriting the rulebook, reports Euronews and AFP.
The Portuguese Prime Minister António Costa said the economic impact of the coronavirus pandemic will be a “tsunami” and “there are no buoys that can save us from a tsunami.” He also called for an EU plan to fight what could be a complete devastation of the economy, POLITICO reports.
“Call it the Marshall Plan or von der Leyen [plan], whatever you want. But Europe must have a major economic recovery project,” Costa said in an interview with Broadcaster TVI Monday evening.
“It is not worth creating the illusion to people that we are going to go through this process without pain,” he said, adding that the effects would be felt over time.
Via Euronews / AFP / POLITICO