Financial market: is there an effective possible answer to coronavirus?
The article looks at an unprecedented case of a global pandemic, where COVID-19 presented a major shock to the global and European economies. Most European countries needed to take decisive quarantine and lockdown measures, as it had already been done initially in Italy, in order to prevent a sharp increase in the epidemic, which could potentially lead to the death of many people and to the collapse of the entire health system and economic infrastructure. The economic implications of such measures under consideration are serious and are felt both through the supply and demand channels. An urgent coordinated response was demanded from the authorities, since the day the mood on the world financial markets is still strongly determined by the news about the anti-crisis measures being taken in various countries.