Huge economic rescue plan agreed by EU leaders
Shortpedia
Content Team
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A plan for investing billions of euros of emergency aid into Europe's devastated economies has been agreed by EU heads. After a video meeting, it’s been planned to prepare a recovery fund, closely tied to the 7-year budget. €540bn of financial support will be released via existing mechanisms from June 1. European Commission chief Ursula von der Leyen has further assured the fund would have €1 trillion of investment.
