Austria plans record debt issuance in wake of COVID-19 outbreak

VIENNA (Reuters) - Austria on Friday almost doubled the amount of debt it plans to issue this year to a record level as coronavirus-related emergency aid has helped drive up its borrowing needs by well over 20 billion euros.Days after introducing a lockdown in mid-March, the government announced an economic aid package of up to 38 billion euros, about a 10th of last year's economic output, for items such as loans, loan guarantees and grants to companies and a layoff prevention scheme.On Friday,..