EU to launch 37 billion euro coronavirus investment initiative

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The EU has announced a 37 billion euro investment initiative as countries enforce mass closures to stem the coronavirus outbreak

BRUSSELS - The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc’s economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday.

The EU will also use 1 billion euros of EU money to guarantee up to 8 billion euros in loans to 100,000 virus-hit firms in tourism, retail, transport and other ailing sectors, von der Leyen said, confirming a Reuters report earlier this week. Von der Leyen did not provide details on where the pledged money would come from. On Tuesday she announced a 25-billion-euro investment plan based exclusively on existing EU funds already committed to EU states.

 

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EU didn't want to help Syrian Refuge crisis in Turkey even 5 B €. Now all europe will spend more than 500 B €. Dramatic!!

Lame.

37 billion from where ?

37Bn. Doesn't that get left under the plate?

Did they advise the US first

كورونا أوروبا بالمناسبة، المفوضة الأوروبية .. طبيبة. دورها مهم في هذه المرحلة بعدما اعلنت منظمة الصحة العالمية أن أوروبا أصبحت 'بؤرة' للوباء.

Just hang onto to our coat tails and you’ll be ok, EU

The world needs to cope with the new reality, these curves in infections will repeat every few months. This is sadly the new norm, start setting new standards

Yes, but can I have TP RIGHT NOW? 🤔

Lol a drop in the ocean

WuhanVirus

EU has no money it’s Tax Payers Money !!

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