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Germany, France propose EU economic recovery fund

PTI | Berlin | Updated: 18-05-2020 21:18 IST | Created: 18-05-2020 21:04 IST
Germany, France propose EU economic recovery fund

The leaders of Germany and France are jointly proposing a 500-million-euro (USD 543-million) recovery fund for European economies hit by pandemic

In a joint statement Monday, German Chancellor Angela Merkel and French President Emmanuel Maron said the proposed fund would see European Union budget expenditure used to help sectors and regions that are particularly affected by the outbreak.


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