EU leaders weigh massive virus economic recovery measures

Canada News News

EU leaders weigh massive virus economic recovery measures
Canada Latest News,Canada Headlines
  • 📰 AP
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

European Union leaders are preparing to thrash out a massive recovery plan to help resuscitate their coronavirus-ravaged economies as some citizens start heading cautiously back to work.

FILE - in this Wednesday, April 22, 2020 file photo, a man with a face mask and a child with an European flag attend an event of the Pulse of Europe movement to collect signatures for more support for Italy during the coronavirus and the COVID-19 outbreak in front of the Italian embassy in Berlin, Germany.

The summit — their fourth video-conference since the outbreak struck northern Italy two months ago — comes at an extremely delicate time, with more than 100,000 Europeans known to have died, according to the European Centre for Disease Prevention and Control. The aim is to have that so-called “safety net” to help pay lost wages, keep companies afloat and fund health care systems in place by June 1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

AP /  🏆 728. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European recovery fund makes more sense outside EU budget: FranceEuropean recovery fund makes more sense outside EU budget: FranceFrance suggested on Tuesday that a proposed European recovery fund would be more effective if it stands apart from the EU budget, even though that might be hard to stomach for some member countries such as Germany.
Read more »

Coronavirus deepens political fragmentation in Italy as anti-EU sentiment risesCoronavirus deepens political fragmentation in Italy as anti-EU sentiment risesPolitical fragmentation is intensifying in Italy as the coronavirus pandemic gives new ammunition to anti-establishment parties and challenges its European membership.
Read more »

EU foreign policy chief chides U.S. for blocking Iran loanEU foreign policy chief chides U.S. for blocking Iran loanJosep Borrell, the EU's foreign policy chief, on Wednesday criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund
Read more »

EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirusEU regrets U.S. refusal to allow economic aid for Iran to fight coronavirusThe European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU's top diplomat said on Wednesday.
Read more »

Guest view: Mutual debt is spectre haunting the EUGuest view: Mutual debt is spectre haunting the EUEuropean leaders meet on Thursday to discuss how to tackle the economic costs of the pandemic. Collective borrowing is the most contentious item on the agenda. Carlo Altomonte of Bocconi University and Fabrizio Pagani of Muzinich explain how a joint “recovery fund” might work.
Read more »

EU 'misunderstandings' delay deal on coronavirus economic recoveryEU 'misunderstandings' delay deal on coronavirus economic recoveryIt may take European Union countries until the summer or even longer to agree on how exactly to finance an economic recovery from the coronavirus pandemic as major disagreements persist, an official with the bloc said on Wednesday.
Read more »



Render Time: 2025-04-03 10:41:05