Germany's Scholz expects final agreement on ESM credit line for virus-hit countries

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“We’ve had very intense and constructive negotiations and I’m very confident that today the Eurogroup will make a final decision about the criteria for each country … to get a credit line worth up to 2% of its gross domestic product,” Scholz said ahead of the videoconference of ministers from the 19 countries sharing the euro currency.

The European Commission on Thursday proposed scrapping the usual conditions for countries using the euro zone’s bailout fund as they try to revive their economies hit by the coronavirus epidemic.