ECB launches new $820 billion coronavirus package

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ECB launches new $820 billion coronavirus package
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The ECB has launched a 750 billion euro ($820 billion) asset purchase program in an effort to help mitigate the impact of the coronavirus outbreak, as the death toll in Europe hits new highs.

"Extraordinary times require extraordinary action," ECB President Christine Lagarde said Wednesday on Twitter.

"Extraordinary times require extraordinary action. There are no limits to our commitment to the euro. We are determined to use the full potential of our tools, within our mandate," ECB President Christine Lagarde said Wednesday on Twitter. "We couldn't hope for more. The inclusion of Greece and corporate commercial paper were the cherries on the QE cake," Frederik Ducrozet, senior economist at Pictet Wealth Management, said in an email Wednesday.

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