EU proposes 750-billion-euro post-virus recovery fund for Europe

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BRUSSELS: European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help the worst affected countries.

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