Speaker: Mario Nava, Director of Horizontal Policies, Director General for Financial Stability, Financial Services and Capital Markets Union, European Commission
On 9 April, the Eurogroup approved the European Commission’s temporary €100bn jobless reinsurance plan, which aims to support workers and those with health-related issues. The finance ministers also approved €240bn in credit lines for euro area countries, with little conditionality. The stipulation is that the credit line will only be available to fund activity which is directly linked to the crisis.
Mario Nava, who is responsible for horizontal policies at the European Commission, discusses the policies at euro area members’ disposal to tackle the healthcare and economic consequences of Covid-19.