European leaders plan to sign off on a $540 billion package intended to boost health spending, reduce unemployment and support small businesses
European leaders will start debating a crisis-recovery fund that will likely total half a trillion euros today, as borrowing costs rise for Italy and Spain due to fears that Germany and the bloc’s other wealthy countries won’t sufficiently help harder-hit states manage an expected surge in debt levels.
Significant differences remain over the timing, size, funding and focus of money needed to lift Europe from the economic crisis brought on by responses to the coronavirus pandemic. Officials said that today’s talks will only...
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