Eurozone bailout chief: 'No government can be blamed' for economic hit from Covid-19

Regling tells us he expects the coming economic crisis sparked by Covid-19 to be as severe as the Great Depression, and that he expects more than one eurozone state to apply for a loan from the ESM's new coronavirus Pandemic Crisis Support facility, despite the stigma attached to ESM loans after the bailouts and painful austerity of the last decade.

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