European Union leaders expressed cautious optimism about the economic recovery on Friday 25 June, as the recession caused by the Covid-19 pandemic was less severe than expected in 2020 and the imminent roll-out of the Next Generation EU Recovery Plan will support investment.
“The prognosis is optimistic”, said German Chancellor Angela Merkel, praising the “determination” with which Europeans have handled the health and economic crisis. “The recovery will be robust”, said the...