Reuters exclusively reports Europe planning multi-million-euro loans for coronavirus-hit firms

Reuters exclusively reported European companies grappling with the impact of coronavirus could soon qualify for multi-million-euro loans backed by the European Union and big banks in a scheme poised to get waved through in days. The blueprint would see the release of hundreds of millions of euros of affordable loans for small companies, such as hotels, to tide them over while they recover from a trough in sales as the virus spreads.