Posted on Mar 30, 2020
The European Commission is set to propose a new stimulus package, including changes to the EU budget, in order to help the bloc recover from the economic damage caused by the coronavirus pandemic, Commission chief Ursula von der Leyen announced at the weekend.
“To ensure recovery the Commission will propose changes in the MFF proposal that will allow to address the fallout of the coronavirus crisis,” she said, adding “This will include a stimulus package that will ensure that cohesion within the Union is maintained through solidarity and responsibility”.
Last month, EU leaders failed to reach agreement on an extension to the upcoming seven-year budget plan, for the years, 2021 to 2027. They further failed to agree on the best economic response to the damage wrought by the pandemic during a video-conference on Thursday.
Although talks have continued since then, the coronavirus pandemic has spread further across Europe, which now accounts for two thirds of the global death toll: 21,334 out of the latest world total of 30,003. Talk of lifting restrictions on movement in time for the Easter holidays has now evaporated as reality sets in, and Europe's leaders prepare for six-months of economic hardship.
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