EU rescue deal: ‘The most important moment in the life of our Europe,’ says Macron

An historic rescue plan for economies left shattered by the coronavirus epidemic was hailed by French President Emmanuel Macron on Tuesday as “the most important moment in the life of our Europe since the creation of the euro”. 

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EU rescue deal: ‘The most important moment in the life of our Europe,’ says Macron

EU - Coronavirus latest: France, Germany propose vast recovery fund

Angela Merkel and Emmanuel Macron propose a major European rescue fund, to come from an increased long-term EU budget

Read more at:
Coronavirus latest: France, Germany propose vast recovery fund | News | DW | 18.05.2020

EU seeks multi-trillion euro fund to recover from coronavirus

Divided European Union leaders began their search on Thursday for a joint financial fund of up to 2 trillion euros (1.75 trillion pounds) to help recover from the coronavirus pandemic and avoid economic collapse in the bloc's poorer south.

Read more at:
https://uk.reuters.com/article/uk-health-coronavirus-eu-summit/eu-seeks-multi-trillion-euro-fund-to-recover-from-coronavirus-idUKKCN2243ER

Greek deal seems imminent

At mid afternoon EST today, Greek finance ministry officials, as well as a technical-level delegation from the international creditors, were huddled over a roughly 15-page document outlining the terms of the loan package
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"The Greek government is working on the final document of the agreement that will be discussed by political leaders later in the day," a government official said.

In another sign that a deal is coming together, Papademos was due to convene a cabinet meeting at around midday Wednesday to seek formal approval of the EUR130 billion rescue plan.


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