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April 08, 2020 "The widespread suspension of economic activity for containment measures will significantly affect the ability of European families to meet their economic needs autonomously in the coming weeks". This is what is read in an article by researchers of the Bank of Italy on the effects of Coronavirus which cites "profound effects on job opportunities and the income capacity of a large part of the population". "Their prolongation would exacerbate pre-existing situations of economic hardship and potentially create new ones".

New ECB measures for credit support
The Bank of Italy explains in detail the measures approved yesterday by the Governing Council of the ECB, in which the Governor Ignazio Visco also sits, aimed at loosening the eligibility criteria and the risk control system applied to the assets that can be assigned as collateral (collateral) by the banks to win the refinancing of the same institution.Measures taken in response to the economic and financial crisis caused by the Coronavirus pandemic and aimed, according to a press release, to expand the availability of guarantees, facilitate banks' access to financing and support credit to businesses and households, through a strengthening of the use of collateral loans and a general increase in risk tolerance by the Eurosystem.

These temporary interventions will remain in force until the end of the pandemic emergency purchase program (Pepp). By the end of 2020, the Governing Council will assess the need for an extension to continue ensuring adequate availability of collateral for counterparties