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...