The EU Commission unveiled on Wednesday (27 May) plans to borrow up to €750bn on the markets, to fund a recovery package kickstarting a European economy now facing its deepest recession in history.
The EU executive also proposed to a 2021-2027 EU budget of €1.1 trillion, which is higher than then the latest compromise proposal of EU Council president Charles Michel of €1.095 trillion in February.
"The boldest measures are the safest for the future," commission president Ursula v...
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