Bank says coronavirus pandemic inflicted a "swift and massive shock" causing broadest collapse of global economy since 1870.
European governments are scrambling to put together hundreds of billions of euros to save lives, companies, and families from going bankrupt as countries hit hardest by the virus are also those that can least afford the costs, like Italy and Spain.
7.7 billion euros will come in early July to cover the repayment of 6.9 billion euros worth of maturing Greek debt and 0.8 billion of arrears. A further 0.8 billion euros would be disbursed after the summer.
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