After the U.S. unveiled similar measures, the European Union has approved a $580 billion aid package to help limit the devastating economic consequences of coronavirus pandemic lockdowns in member states. However, beyond the immediate aid, the dispute remains over the structure – and funding – of a long-term recovery plan. It emerged this weekend that the European Commission, the EU’s executive, has now been tasked to make proposals by May 6, when another video conference will be held.
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