EU eyes use of bailout fund to unlock unlimited ECB bond buying

By Jan Strupczewski BRUSSELS (Reuters) - The European Commission next week is likely to present a tool for the euro zone's ESM bailout fund to fight the effects of the coronavirus epidemic that could unlock unlimited ECB sovereign bond purchases, Vice President Valdis Dombrovskis said. The EU executive arm has been asked by euro zone finance ministers, the European Stability Mechanism (ESM) and the European Central Bank to come up with a instrument to involve the fund in supporting economies hit by the coronavirus, he said

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