ECB prepares more aid for euro zone economy to help Covid-induced recession

The ECB makes it clear it will do its part and the severity of the recession argues for earlier action

The European Central Bank is certain to give the ailing euro zone economy another shot in the arm and the only question is the timing, with arguments split between a move on Thursday and holding out until July.

As a coronavirus-induced recession runs deeper and longer than expected, governments are running record deficits to cushion the impact, putting a greater burden on the ECB to soak up this new debt and keep borrowing costs manageable, the Reuters reported.

The ECB has made it clear it will do its part and the severity of the recession argues for earlier action. But