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The European Stability Mechanism & Overcoming the Coronavirus Crisis | Europe In :60 | GZERO Media

The European stability mechanism and overcoming the coronavirus crisis

Will the European Stability Mechanism be enough to help the member states overcome the crisis?

No, but it will be an essential part of the solution. But there is an ongoing discussion, not entirely easy. And there will be a combination of different instruments, the European Stability Mechanism, there will be, most probably, quite a lot through the regular EU budget that would be augmented. There's the European Investment Bank and there are all of the instruments at the disposal of the European Central Bank. So, a lot of bazookas will be needed to handle this crisis.

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