German chancellor Angela Merkel and French president Emmanuel Macron proposed on Monday (18 May) a recovery fund of EUR500 bn to support the sectors and areas in the EU most impacted by the coronavirus crisis. The effort recommends providing the European Commission the authority to obtain money on financial markets in the European Union’s name […]

The post Macron and Merkel propose EUR500 bn EU recovery fund appeared first on World Weekly News.

EU financing ministers on Thursday (9 April) night agreed a EUR500 bn bundle to cushion the financial blow brought on by the coronavirus pandemic. The ministers likewise agreed on the need for a future, momentary recovery strategy, with really little information, after weeks of wrangling that exposed agonizing departments as the bloc dives into deep […]

The post Eurozone agreed EUR500 bn cushion against virus blow appeared first on World Weekly News.