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Anjum Shabbir
Anjum Shabbir
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24th March 2020
Banking & Finance Covid-19

Analysis: “Fighting the fallout: the ECB adopts a purchase programme in response to the coronavirus” by Marijn van der Sluis

Things are moving fast in the Eurozone. On Wednesday night, after an emergency session of the Governing Council, the ECB announced the Pandemic Emergency Purchase Programme (PEPP). Through the PEPP, the ECB will buy 750 billion euros worth of securities before the end of 2020. PEPP is an addition to other measures announced on 12 March 2020 that also aimed to counter the destabilising economic effects of the coronavirus. These measures included an increase in the monthly purchases through the Assets Purchases Programme (APP) and were analysed by Christy Ann Petit here. Moreover, last week, the Commission decided to activate the ‘general escape clause’ of the Stability and Growth Pact, and Prime Minister Conte of Italy stated that the ESM

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