FRANKFURT—Timid about the depth of its financial downturn, Europe is swiftly narrowing the hole with the U.S. in its emergency response, lining up two new programs potentially price hundreds of billions of euros that mediate classes realized in outdated crises and boost possibilities for a international restoration.
Early in the coronavirus pandemic, the U.S. and Europe diverged dramatically in the quantity of firepower each and every threw at an financial disaster that threatens to be the worst in a protracted time. The Federal Reserve and the U.S. Treasury had been…
