FILE PHOTO: The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski
BRUSSELS: The European Commission this week is likely to present a tool for the euro zone's ESM bailout fund to fight the effects of the coronavirus epidemic that could unlock unlimited ECB sovereign bond purchases, Vice President Valdis Dombrovskis said.
The EU executive arm has been asked by euro zone finance ministers, the European Stability Mechanism (ESM) and the European Central Bank to come up with a instrument to involve the fund in supporting economies hit by the coronavirus, he said.
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