Money Taboo, Global Guardians Disappoint, China Bonds: Eco Day

(Bloomberg) -- Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:

• The coronavirus economy is shredding records for government borrowing and for central-bank lending. Soon it may also smash the taboo that’s supposed to keep those two things apart
• Critics have faulted the G-20 for the set of initiatives it has adopted to help emerging and poor nations weather the coronavirus
• A factory that uses as much electricity as London is giving clues on the coronavirus slump
• China’s finance ministry announced fresh bond issuance to help counter the slump in the domestic economy, and the nation’s lenders cut their borrowing rates after central-bank loosening
• Japanese exports declined by the most in more than three years in March as the coronavirus outbreak hit demand for cars, auto parts and ships
• Fed officials are entering the two-week quiet period during which their staffs prepare them for the upcoming policy meeting. This time around, the routine will be a little different than usual
• The ECB could take further action if needed to support the euro area through the economic crisis
• Just weeks after a surging dollar was causing havoc in world financial markets, President Donald Trump has decided that a muscular U.S. currency is a good thing after all
• The outgoing CEO of Norway’s sovereign wealth fund faces a probe in his home country after accepting a trip that may have strayed from the fund’s compliance rules
• Larry La never even turned the lights off for almost two decades. Now he’s had to shut the whole restaurant down. The world economy’s ability to recover may ultimately depend on how soon businesses can repair supply chains
• Argentina’s proposal for more than $40 billion in debt relief got an early thumbs-down from analysts who said the terms were too easy for the serial defaulter.

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