EU starts new chapter with 750 bln Covid-19 recovery fund, Germany says
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SUNDAY, AUGUST 14, 2022
EU starts new chapter with 750 bln Covid-19 recovery fund, Germany says

Coronavirus chronicle

Reuters
27 April, 2021, 07:05 pm
Last modified: 27 April, 2021, 07:05 pm

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EU starts new chapter with 750 bln Covid-19 recovery fund, Germany says

Germany, France, Italy and Spain would submit their national recovery plans to the EU Commission this week

Reuters
27 April, 2021, 07:05 pm
Last modified: 27 April, 2021, 07:05 pm
The EU flag is reflected in a drop on a syringe needle in this illustration Photo: Reuters
The EU flag is reflected in a drop on a syringe needle in this illustration Photo: Reuters

German Finance Minister Olaf Scholz called the European Union's 750 billion euro ($905.85 billion) recovery fund, intended to kick-start the economy hit hard by Covid-19, a groundbreaking step for the 27 nation bloc.

"Today, Europe is starting a new chapter. It's a chapter that embraces the future," Scholz said on Tuesday as he and his French counterpart Bruno Le Maire presented their countries' plans for the disbursement of the money in an online news conference.

Germany, France, Italy and Spain would submit their national recovery plans to the EU Commission this week, he added.

($1 = 0.8280 euros)

Top News / World+Biz / Global Economy

EU / COVID-19

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