The European Central Bank (ECB) has launched an emergency €750 billion ($820 billion) package to stem the negative impact of the coronavirus pandemic.

Under a new Pandemic Emergency Purchase Programme (PEPP), the asset buying will be taking place until the end of 2020, according to a statement on Thursday.

It will include all the asset categories eligible under the existing asset purchase program (APP), it said.

The bank will also buy government and company debt across the eurozone, including Greece and Italy. 

“Extraordinary times require extraordinary action. There are no limits to our commitment to the euro. We are

Read more: ECB sets up $820B bond-buying program amid coronavirus