BFF-34 EU proposes 750-billion-euro recovery fund

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EU proposes 750-billion-euro recovery fund

BRUSSELS, May 27, 2020 (BSS/AFP) – The European Commission proposed on
Wednesday a 750 billion euro recovery fund to reboot the European economy that
has been hit hard by the coronavirus outbreak, a top official said.

Paolo Gentiloni, the EU Economic Affairs Commissioner, in a tweet, hailed
the proposal as a “European breakthrough” that would “tackle an unprecedented
crisis”.

BSS/AFP/MMA/1626HRS