EU leaders to hold coronavirus video conference on April 23
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February 07, 2023

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TUESDAY, FEBRUARY 07, 2023
EU leaders to hold coronavirus video conference on April 23

World+Biz

Reuters
10 April, 2020, 07:05 pm
Last modified: 10 April, 2020, 07:11 pm

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EU leaders to hold coronavirus video conference on April 23

The package agreed by finance ministers would bring the EU’s total fiscal response to the epidemic to 3.2 trillion euros ($3.5 trillion)

Reuters
10 April, 2020, 07:05 pm
Last modified: 10 April, 2020, 07:11 pm
FILE PHOTO: A European flag is seen outside the EU Commission headquarters in Brussels, Belgium November 6, 2019. REUTERS/Yves Herman
FILE PHOTO: A European flag is seen outside the EU Commission headquarters in Brussels, Belgium November 6, 2019. REUTERS/Yves Herman

European Union leaders will hold a video conference on April 23 to discuss the economic response to coronavirus, the President of the European Council Charles Michel said on Friday, a day after EU finance ministers agreed on half-a-trillion euros worth of support for their coronavirus-battered economies.

"It is time to lay the ground for a robust economic recovery. This plan has to relaunch our economies whilst promoting economic convergence in the EU. The EU budget will have to play a meaningful role here," Michel said in a statement issued via Twitter.

He called the deal reached on Thursday a "significant breakthrough."

EU leaders will have to explore the "setting up of a temporary Recovery Fund to ensure a robust European economic recovery in all Member States," the statement said.

Michel said he is working with the European Commission, the EU's executive, on a "Roadmap and Action Plan to ensure the well-being of all Europeans and to bring the EU back to strong, sustainable and inclusive growth based on a green and digital strategy."

The package agreed by finance ministers would bring the EU's total fiscal response to the epidemic to 3.2 trillion euros ($3.5 trillion), the biggest in the world, on top of measures that member states are taking at national level.

European Union

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