Skip to content
Subscriber Only
Politics
Economics

Europe Starts Showing Resolve Led by 2008 Crisis Veterans

  • BOE delivers emergency rate cut in final move by Carney
  • Lagarde’s call for fiscal action wins little support in Berlin
Mark Carney speaks during a news conference on March 11.
Mark Carney speaks during a news conference on March 11.Photographer: Simon Dawson/Bloomberg
Updated on

We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know.

European policy makers began a new campaign to shield economies from the coronavirus as the region’s two main central banks either delivered or signaled action to avoid a 2008-style crisis, and German Chancellor Angela Merkel promised to do “whatever is necessary.”