Fear and mistrust as eurozone ministers debate reconstruction
'Coronabond' proposal for debt sharing threatens to derail meeting of countries still haunted by fallout from 2008
Eurozone countries will on Tuesday battle over how to rescue their economies from the deepening recession the coronavirus pandemic is triggering across the continent.
The 19 finance ministers of countries that use the single currency will hold a teleconference, where the issue of common debt - so-called "coronabonds" or "eurobonds" - could overshadow the emerging consensus on other ideas, such as emergency credit lines from the eurozone's bailout fund and a a100bn job support programme.
Credit lines from eurozone bailout fund, the European Stability Mechanism, worth 2% of a country's GDP. Fairly likely to be agreed, but could become snarled up in arguments over terms and conditions
A a200bn loan offer from the European Investment Bank Likely
A a100bn job-protection scheme funded by loans Likely, but details to be ironed out
Coronabonds, eurobonds - a form of shared debt. Not a chance, but the argument will continue
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