European Union finance ministers will discuss the impact of coronavirus on Monday, along with measures to restart their economies, as stock markets brace themselves for another tough week. US treasury secretary Steven Mnuchin said on Sunday he did not expect a recession due to the spread of coronavirus. His comments came as Fianna Fáil called for the establishment of a business taskforce to advise on the responses required to ensure businesses can survive. The ITAA has called for a number of measures to protect the sector, which employs over 3,500 people locally. The redirection of these funds, many of them already committed to poorer regions of eastern Europe, needs approval from EU governments and lawmakers.

Source: The Irish Times March 15, 2020 15:25 UTC