We welcome the 3/4  BIS central bankers' speeches  endorsement by the European Council of the Eurogroup agreement on the three safety nets for workers, businesses and sovereigns, amounting to a package worth € billion. At the same time, the Governing Council urges further strong and timely efforts to prepare and support the recovery.
In this regard, we welcome the European Council agreement to work towards establishing a recovery fund dedicated to dealing with this unprecedented crisis. We are now ready to take your questions. 4/4  BIS central bankers' speeches