On Friday 13 March, the European Commission proposed a €37 billion 'Coronavirus Response Investment Initiative'. "No new money from the Member States is needed for this aid", a European source said.
"We have made sure to take additional measures, because the situation demands it. The amount has therefore been increased", said the President of the European Commission, Ursula von der Leyen, presenting the package of measures to fight the health crisis (see other news). The Commission...