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Pentribution Club
Ciao! Nice to meet you, i'm Mattia, an italian guy. I'm deeply in love with political science as much as i'm in love with computer science.
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Regional News • Europe
The new ESM's credit line for the covid-19 pandemic

As the Europe is in needing of liquid assets, many people went all-in with the ESM, unluckily the already two existing credit lines were not exactly what the states needed. The Eurogroup then decided to develop a new credit line exceptionally for the pandemic, last night it got definetly approved. This new credit line will be able to make a ten-year loan up to 2% of the state's GDP, with an interest fixed rate at 0,1%. This new credit line will be available from june 2020 until the end of 2022.