Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
European Central Bank 04 04 - Equity support EUR
European Central Bank 09 09 - International Assistance Provided EUR 28,000,000,000 30,973,451,327
European Central Bank 09A 09A - Swaps EUR 28,000,000,000 30,973,451,327 ECB. https://www.ecb.europa.eu/home/search/html/index.en.html?q=+swap+lines (18 May 2020); ECB. https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200625~60373986e5.en.html (accessed 9 July 2020).

(i) March 20, ECB and Danmarks Nationalbank reactivate swap line EUR24 billion (increased EUR12 billion) to remain in place for as long as needed; (ii) April 15, ECB and Bulgarian National Bank set up new swap line of EUR2 billion to remain in place until end-2020, or as long as needed; (iii) April 22, ECB and Hrvatska narodna banka set up new swap line of EUR2 billion until end-2020, or as long as needed; (iv) No amount/estimate: June 25, Launched a new Eurosystem repurchase (EUREP) facility to provide euro liquidity to non-euro area central banks. The European Central Bank introduced this facility as a precautionary backstop to address pandemic-related euro liquidity needs outside of the euro area. EUREP will allow a broad set of central banks to borrow euros against euro-denominated debt issued by euro area central governments and supranational institutions. EUREP will be available until June 2021 [update].

European Central Bank 09B 09B - International loans/grants EUR
European Central Bank 12 12 - Non-Economic Measures EUR
European Union 04 04 - Equity support EUR 549,000,000 607,300,885 EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020).

(i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) June 8, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs.

European Union 09 09 - International Assistance Provided EUR 21,340,000,000 23,606,194,690
European Union 09A 09A - Swaps EUR
European Union 09B 09B - International loans/grants EUR 21,340,000,000 23,606,194,690 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EIB. https://www.eib.org/en/press/all/2020-164-coronavirus-global-response-eib-and-commission-pledge-additional-eur4-9-billion (accessed 14 July 2020).

(i) July, The EU will secure financial support to partner countries amounting to more than EUR15.9 billion (increased from EUR15.6) from existing external action resources [update]; April 4, (ii) The European Investment Bank announced details of a comprehensive response to the coronavirus pandemic outside the EU that will provide up to EUR5.2 billion in the coming months. This financing is part of the Team Europe response and supported by guarantees from the EU budget. It will both strengthen urgent health investment and accelerate long-standing support for private sector investment that reflects financing needs in more than 100 countries around the world; (iii) March 31, Added a new package of almost EUR240 million to the EU Regional Trust Fund in Response to the Syrian Crisis.

European Union 12 12 - Non-Economic Measures EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020).

Most European countries have taken several containment measures ranging from lockdowns and travel restrictions to school closures and bans on large gatherings. Measures that favor teleworking were also widely implemented. The European Commission presented guidelines for exit strategies and called for a common framework across member states. The criteria include: (i) sustained reduction and stabilization of new cases, (ii) sufficient health system capacity such as adequate hospital beds, pharmaceutical products, and equipment, and (iii) appropriate monitoring capacity to quickly detect and isolate infected individuals as well as to trace contacts. The Commission invited Schengen Member States and Schengen Associated States to extend the temporary restriction on non-essential travel to the EU until 15 June and presented further guidance on a gradual lifting of border restrictions .

European Central Bank 04 04 - Equity support EUR
European Central Bank 09 09 - International Assistance Provided EUR 28,000,000,000 30,973,451,327
European Central Bank 09A 09A - Swaps EUR 28,000,000,000 30,973,451,327 ECB. https://www.ecb.europa.eu/home/search/html/index.en.html?q=+swap+lines (18 May 2020).

(i) March 20, ECB and Danmarks Nationalbank reactivate swap line EUR24 billion (increased EUR12 billion) to remain in place for as long as needed; (ii) April 15, ECB and Bulgarian National Bank set up new swap line of EUR2 billioN to remain in place until end-2020, or as long as needed; (ii) April 22, ECB and Hrvatska narodna banka set up new swap line of EUR2 billion until end-2020, or as long as needed.

European Central Bank 09B 09B - International loans/grants EUR
European Central Bank 12 12 - Non-Economic Measures EUR
European Union 04 04 - Equity support EUR 375,000,000 414,823,009 EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020).

(i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility [update].

European Union 09 09 - International Assistance Provided EUR 21,040,000,000 23,274,336,283
European Union 09A 09A - Swaps EUR
European Union 09B 09B - International loans/grants EUR 21,040,000,000 23,274,336,283 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020).

April 4, (i) The EU will secure financial support to partner countries amounting to more than EUR15.6 billion from existing external action resources; (ii) The European Investment Bank announced details of a comprehensive response to the coronavirus pandemic outside the EU that will provide up to EUR5.2 billion in the coming months. This financing is part of the Team Europe response and supported by guarantees from the EU budget. It will both strengthen urgent health investment and accelerate long-standing support for private sector investment that reflects financing needs in more than 100 countries around the world; (iii) March 31, Added a new package of almost EUR240 million to the EU Regional Trust Fund in Response to the Syrian Crisis.

European Union 12 12 - Non-Economic Measures EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020).

Most European countries have taken several containment measures ranging from lockdowns and travel restrictions to school closures and bans on large gatherings. Measures that favor teleworking were also widely implemented.

European Central Bank 04 04 - Equity support EUR
European Central Bank 09 09 - International Assistance Provided EUR 28,000,000,000 30,973,451,327
European Central Bank 09A 09A - Swaps EUR 28,000,000,000 30,973,451,327 ECB. https://www.ecb.europa.eu/home/search/html/index.en.html?q=+swap+lines (20 April 2020).

(i) March 20, ECB and Danmarks Nationalbank reactivate swap line EUR24 billion (increased EUR12 billion) to remain in place for as long as needed; (ii) April 15, ECB and Bulgarian National Bank set up new swap line of EUR2 billioN to remain in place until end-2020, or as long as needed; (ii) April 22, ECB and Hrvatska narodna banka set up new swap line of EUR2 billion until end-2020, or as long as needed.

European Central Bank 09B 09B - International loans/grants EUR
European Central Bank 12 12 - Non-Economic Measures EUR
European Union 04 04 - Equity support EUR 300,000,000 331,858,407 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020).

April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI).

European Union 09 09 - International Assistance Provided EUR 21,040,000,000 23,274,336,283
European Union 09A 09A - Swaps EUR
European Union 09B 09B - International loans/grants EUR 21,040,000,000 23,274,336,283 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020).

April 4, (i) The EU will secure financial support to partner countries amounting to more than EUR15.6 billion from existing external action resources; (ii) The European Investment Bank announced details of a comprehensive response to the coronavirus pandemic outside the EU that will provide up to EUR5.2 billion in the coming months. This financing is part of the Team Europe response and supported by guarantees from the EU budget. It will both strengthen urgent health investment and accelerate long-standing support for private sector investment that reflects financing needs in more than 100 countries around the world; (iii) March 31, Added a new package of almost EUR240 million to the EU Regional Trust Fund in Response to the Syrian Crisis

European Union 12 12 - Non-Economic Measures EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

Most European countries have taken several containment measures ranging from lockdowns and travel restrictions to school closures and bans on large gatherings. Measures that favor teleworking were also widely implemented.