Euro is stable this morning, despite concerns over the impact on the eurozone economy. German business climate figures came in at their lowest level since 2009 yesterday and consumer confidence today fell to a six-year low.
Today economic bulletin from the European Central Bank is expected to focus heavily on the impact so far, and predicted future impact, of coronavirus. A number of eurozone countries have joined together to call for so-called ‘coronabonds’ to raise funds on the market to help governments deal with the economic disruption of the crisis. It is likely to be discussed at tomorrow’s remote summit of EU leaders.
