On the health front, the Commission has announced a series of measures including assembling a team of epidemiologists from different Member States, taking stock of protective equipment and respiratory devices, and mobilising €140 million in public and private funding for promising research on vaccines, diagnosis and treatment. On the economic front, the Commission is committed to taking action at the macro-economic level. Commissioner Paolo Gentiloni, who will be in charge of all macro-economic aspects in the newly launched Coronavirus Response Team, has called all EU Member States for a coordinated fiscal response. The Commission will use all the tools at its disposal to make sure the European economy weathers this storm, in close coordination with and between Member States and the ECB. The Commission will ensure that state aid can flow to companies that need it and will make full use of the flexibility which exists in the Stability and Growth Pact. President von der Leyen said that she will present concrete ideas before the Eurogroup next week Monday to clarify the rules of the game for Member States very quickly. She also intends to launch a “Corona Response Investment Initiative” directed at health care systems, SMEs, labour markets, and other vulnerable parts of EU economies. The investment will be sizable and reach €25 billion quickly. President von der Leyen will propose to the Council and Parliament this week to release €7.5 billion of investment liquidity and will set up a Task Force to work with Member States to ensure that the money starts flowing in the coming weeks.