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EU is preparing measures to protect the economy from the effects of coronavirus

UNITED STATES (OBSERVATORY NEWS) — European Union Commissioner for Economics Paolo Gentiloni said on Monday that the bloc is ready to take all possible measures to deal with the consequences of an outbreak of coronavirus.

Gentiloni said there should be a “coordinated financial response” from European countries. She “must be very timely. You can’t take it too soon, you can’t take it too late, ”he said at a press conference in Brussels.

“The EU is ready to use all available policy options, if and when necessary, to protect our growth from these lowering risks,” Gentiloni said.

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