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EU Mulls Joint Economic Response to Coronavirus

Lisa Bryant

   PARIS - After closing their external borders to help slow the spread of
   coronavirus, European countries are now scrambling to reduce the
   economic fallout of COVID-19, even as experts say more needs to be
   done.

   Rescue packages and fiscal stimulus measures -- even the possibility in
   France of nationalizing some struggling companies--European governments
   are looking for ways to calm coronavirus-spooked businesses and
   citizens.

   Analysts said the European Union's second-largest economy, France, is
   taking the most dramatic steps so far. Addressing the nation this week,
   French President Emmanuel Macron said no company would risk collapse.
   His government has announced a roughly $50-billion financial relief
   package, along with another 300 million in loans for small businesses.

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