Coronavirus: Germany and France lay out half-trillion-euro rescue plan for Europe

In a historic first, Germany and France have said the European Union should set up a €500 billion (US$542 billion) fund to restart economies hit hard by the coronavirus pandemic.The plan represents a bid by the two leading members of the bloc to speed up progress on setting up a long-term recovery plan for a recession forecast to be of historic proportions.Close allies Germany and France had previously been on opposing sides of a debate on EU fiscal stimulus, with Paris pushing for a far more…

from South China Morning Post https://www.scmp.com/news/world/europe/article/3084982/coronavirus-germany-and-france-lay-out-half-trillion-euro-rescue