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Europe Daily Bulletin No. 12489

19 May 2020
EU RESPONSE TO COVID-19 / Economy
Berlin and Paris call for a post-Covid-19 European Recovery Fund allowing €500 billion in budget transfers
Brussels, 18/05/2020 (Agence Europe)

On Monday 18 May, Germany and France unveiled a joint initiative to set up a €500 billion European Recovery Fund to help the countries and industries hardest hit by the Covid-19 pandemic to recover.

If France and Germany are giving an impetus, it is certainly something that will help to promote decision-making at the level of the EU27”, German Chancellor Angela Merkel said at a joint online press conference with French President Emmanuel Macron. She stressed the need for Europe to...

Contents

EU RESPONSE TO COVID-19
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
NEWS BRIEFS
Op-Ed
Kiosk