France's Macron urges ECB to do more on coronavirus, to close schools from Monday


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France's Macron urges ECB to do more on coronavirus, to close schools from Monday

On Thursday, the 12th of March 2020, in a televised address to the nation, French President Emmanuel Macron had urged the ECB (European Central Bank) to do more to grapple with the financial fallouts of the fast-spreading coronavirus outbreak adding that the pandemic had been the nation’s steepest public health crisis in more than a century.

Aside from that, the French President had also added in his televised address to the nation on Thursday (March 12th) that the bloc’s second-largest economy after Germany, would shut down all of its educational institutes such as nurseries, schools alongside universities in order to slow down the spread of the virus outbreak, while Macron had also pledged to a big war chest to help businesses see through the virus outbreak adding “France would work with the bloc on a large-scale package to relaunch the economy ‘whatever it costs’”.

Besides, referring to the gruelling nature of the Covid-19 outbreak which has forced the bloc’s third-largest economy, Italy, to enforce an entire lockdown of the country, Macron said in his 20-minute speech televised on Thursday (March 12th), “This epidemic ..is the most grave public health crisis that France has known in a century. Despite the efforts to slow it down, the virus continues to spread and is accelerating. ”