EU Seals $2.1 Trillion Covid-19 Recovery Fund For Member States
The European Union (EU) has laid out a 1.8 trillion-Euro (2.1 trillion US dollar) coronavirus recovery fund to stabilize member-states harshly hit by the pandemic.
German Chancellor Angela Merkel, disclosed this on Wednesday, in a broadcast aired on DW.
Advertisement
Merkel observed that no crisis had shaken EU like the current Coronavirus pandemic.
The SARs-like virus, which sprang up from Wuhan China, had killed over 500,000 across continents and damaged the economy of nations.
“We have now laid the financial foundations for the EU for the next seven years and at the same time came up with a response to the biggest crisis in the history of the EU with the recovery fund,” Merkel added.
Furthermore, she lauded the leaders in the region for brainstorming on the way forward for the continent.
Advertisement
“But what counts for me is that we all got together in the end, and that we are now all convinced that we can really make something out of what we decided,” she said.
