Repair and Prepare: EU unveils €750 bln plan for coronavirus recovery

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Repair and Prepare: EU unveils €750 bln plan...
 © KNEWS 2020
The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro.

Much of the money is to go to Italy and Spain, the worst affected by the pandemic, which together would receive 313 billion euros in grants and loans.

The aim is also to protect the European Union’s single market of 450 million people from being splintered by divergent economic growth and wealth levels as the...


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This article was automatically added to our system 27-5-2020

Repair and Prepare: EU unveils €750 bln plan for coronavirus recovery


The contents of this article including any associated images are © KNEWS 2020
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Article Tags: repair, prepare, unveils, coronavirus, recovery,