'Europe needs massive economic stimulus plan'
Le Maire also said the coronavirus could cut French economic growth below 1% in 2020 from a previous estimate of 1.3%
File photo. French Finance Minister Bruno Le Maire looks on during a meeting with his Greek counterpart Christos Staikouras (not pictured) at the Finance Ministry in Athens, Greece, February 25/Reuters
Europe needs to come up with a "massive" economic stimulus plan to cope with the impact of the coronavirus outbreak, French Finance Minister Bruno Le Maire said on Monday.
Le Maire told France Inter radio that the amount needed for the stimulus plan will be discussed at a March 16 meeting with his European counterparts.
Le Maire also said the coronavirus could cut French economic growth below 1% in 2020 from a previous estimate of 1.3%.
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The Italian government as well urged the European Union to adopt a package of measures to counter the impact of the coronavirus outbreak on the economies of the block.
