Iran Press/Europe: "Following consultations I will hold a EUCO members conference call shortly on COVID-19 to coordinate EU efforts. We need to cooperate in order to protect the health of our citizens," Michel, who chairs EU summits, said on Twitter.
An EU official said the call was likely to take place on Tuesday 10 March.
This happens while the financial markets around the world have reacted to the impact of the coronavirus outbreak around the world as in London's index of top shares ended the day almost 8% lower, with some £125bn wiped off the value of major UK firms. The Dow had its worst day since 2008, tumbling more than 2,000 points after a trading halt and the biggest oil crash in nearly 30 years.
Similar falls took place across the US, Europe and Asia as a row between Russia and Saudi Arabia saw oil prices plunge.
Global oil markets plunged after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years.
Shares were already reeling from fears of the impact of the coronavirus as cases globally continue to rise.
Analysts described the market reaction as "utter carnage".
In the US, the major stock indexes fell so sharply at the start of trading, that the buying and selling of shares was halted for 15 minutes, as a so-called "circuit breaker" aimed at curbing panicky selling came into effect.
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