The epidemic will bring down the economies of European countries so that the situation will remind many of 2008.
This statement was made by the head of the European Central Bank, Christine Lagarde, who took part in a video conference with the heads of European Union countries.
“We have to observe a situation similar to the financial crisis of 2008,” she says, urging her to take concrete actions now to combat the epidemic of coronavirus infection.
According to Lagarde, financial collapse can no longer be avoided, however, if the countries are prepared, they can shorten the period of economic shock. In this regard, representatives of the European Central Bank are considering all the tools that can help in this situation. All this will be presented at a meeting to be held on Thursday, March 12.
At the moment, Italy is suffering the biggest losses – the epicenter of the coronavirus epidemic in Europe. Lagarde pointed out that very soon the Italian problem will spread to other countries of the European Union.
The situation with coronavirus in the European Union remains alarming. The epidemic is systematically spreading across European countries, despite the actions taken by the authorities. The most difficult situation in Italy, where the number of cases exceeded the figure of 10 thousand people. More than six hundred infected died.
Also coronavirus methodically covers Germany. Cases of infection recorded in six federal states of the country. Here, the total number of cases is about 1.2 thousand people.