EU to propose €750B for COVID-19 recovery - report - Breaking The News

EU to propose €750B for COVID-19 recovery - report

27 May

1 min read

EPA-EFE/OLIVIER HOSLET

The European Commission will propose that €750 billion be allocated to the European Union's economy to help the coronavirus crisis recovery, German dpa reported on Wednesday

Out of the sum, €500 billion will be grants, while €250 billion will be set aside for loans, according to people familiar with the matter.

The proposal is different from the suggestion to help the economy with grants worth €500 billion which was proposed by French President Emmanuel Macron and German Chancellor Angela Merkel

coronavirus

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