ECON activities in regard to COVID-19

27-07-2020 - 17:50
Image with a Covid tissue mask, placed on a EU flag
EU activities to combat the Corona outbreak © Image used under the license from Adobe Stock

The spread of the COVID-19 virus represents a dramatic risk for the health and lives of our citizens but will also lead to unprecedented shocks for the economy and employment in Europe. The COVID-19 outbreak requires rapid responses from Member States and immediate and innovative joint action of the European institutions and Member States to counter another deep and protracted economic crisis in the aftermath of the health pandemic.

The European Parliament and in particularly the Committee on Economic and Monetary Affairs are at the forefront of the debate, actively partaking in the elaboration of European policies and solutions to prevent a deep and protracted economic crisis and to lay down foundations for the Europe's long term recovery.
In relation to the economic impact of the COVID-19 outbreak, the ECON Committee has discussed policy options with the following decision makers.