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Italy had actually accused other EU nations of refraining from doing enough to help.
A plan for injecting billions of euros of emergency help into Europe’s battered economies has actually been concurred by EU heads.
Meeting by means of video, they agreed to establish a huge recovery fund, carefully tied to the bloc’s seven-year spending plan.
They also validated that EUR540 bn (₤470 bn) of financial support would be launched through existing mechanisms from 1 June.
European Commission chief Ursula von der Leyen stated the fund would mobilise EUR1 trillion of financial investment.
There has actually been bitter argument over how to fund the much-needed aid. But Italy’s Prime Minister Giuseppe Conte said “terrific progress” had been made on Thursday.
Italy – which has had the deadliest outbreak in Europe to date – had actually advised its EU partners, specifically the richer nations of northern Europe, to show more solidarity.
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