Europe will need more than $543B from EU institutions to finance its economic recovery after Covid-19 pandemic – Eurozone bailout fund
European Stability Mechanism Managing Director Klaus Regling attends the eurozone finance ministers meeting in Brussels, Belgium November 07, 2019.
In an interview with Italy’s Corriere della Sera paper, published on Sunday, European Stability Mechanism Managing Director Klaus Regling said the easiest way to organise such funds would be via the European Commission and the EU budget. “For that, we need to discuss new instruments with an open mind, but also use the existing institutions, because it is easier, including in particular the Commission and the EU budget. Rethinking European funds can go a long way in keeping the European Union together,” Regling said.
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