FAST FIVE: House Delays Vote On Coronavirus Bill, Lombardy Reports Another Promising Drop In New Cases: Live Updates
* * * Update (1117ET): Though it's widely expected and a mere formality at this point, German lawmakers said Wednesday that they're ready to suspend the constitutional 'debt brake' before blowing out the budget deficit with a massive stimulus package to be introduced before the eurogroup during tomorrow's meeting.
As more countries unfurl lockdown orders around the world, Russian President Vladimir Putin has called on all residents to stay home next week, while announcing that a vote on constitutional reforms that had been set to take place on April 22 would be postponed.
Meanwhile, the Bank of Spain, the country's central bank and a constituent of the ECB said coronavirus outbreak mitigation measures have caused severe disruptions of the economy since March, and the impact on jobs will most likely be very significant in the near-term.
In other UK news, HMG is planning on shuttering Parliament beginning Wednesday night in another effort to slow the spread.
In other Japan-related news, officials announced that the Diamond Princess cruise ship is expected to leave Yokohama port on Wednesday after scientists confirmed that samples of the virus had apparently survived on the ship for weeks.