Fiscal splurge to underwrite EU's ‘coordinated’ Covid-19 response
The European Union is set to make at least €25bn of budget funding available for sectors affected by the Covid-19 coronavirus, as its institutions join forces to tackle the economic impact of the outbreak. Rules on state aid and public finance will also be loosened, giving member states more room to launch fiscal stimulus measures.
The proposals formed part of a broader plan for dealing with the Covid-19 coronavirus, unveiled on Tuesday night following a video conference between EU leaders.A new investment fund will be central to the economic response, with the EU institutions pledging to commit at least €25bn of ...
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