Eurozone finance ministers agreed on a 540 billion-euro ($590 billion) coronavirus rescue package Thursday after nearly 20 hours of discussions.
The rescue plan has three pillars, Eurogroup President Mario Centeno said at a press conference after the ministers concluded their teleconference.
The plan will help workers, businesses and member states’ healthcare systems, Centeno said.
A €100 billion ($109 billion) short-term employment scheme is meant to prevent millions from losing their jobs.
The European Investment Bank will lend €200 billion ($218 billion) to European small- and medium enterprises.
Member states can also ask for credit of up to 2%