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EU Eyes $2.2 Trillion Recovery Plan to Tackle Historic Slump

The European Commission is floating a 2 trillion-euro ($2.2 trillion) plan for economic recovery ahead of leaders’ talks on Thursday as it seeks a...

The European Union’s 27 heads of government will hold a videoconference to discuss the next steps in tackling the coronavirus pandemic after stringent lockdowns…

  • Ian Wishart and Viktoria Dendrinou
  • Bloomberg

The EU expects output to contract by as much as 10% this year, according to an official.

As the losses mount, the richer northern EU members have been resisting pressure for new financing structures to help reconstruction in the…

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