Europe's economic rescue packages worth combined €1.7tn

Leaders across continent announce spending measures to combat coronavirus effects

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European governments have announced economic rescue packages worth a combined a1.7tn (1.6tn) to combat the effects of the coronavirus pandemic.

The sums promised by central banks in a succession of announcements over the last two weeks are likely to increase significantly, economists believe. They predict that the cash injections needed over the next three months will ultimately dwarf those made a decade ago during the banking crisis.