EU Proposes ¬200 Billion Stimulus Plan

The European Commission has called for an EU-wide stimulus package worth ¬200 billion, the equivalent of 1.5% of the bloc's GDP

The European Union Commission has approved a huge stimulus package aimed at reviving the bloc's struggling economies. The €200 billion ($260 billion) plan will represent 1.5 percent of the EU gross domestic product (GDP), with around €170 billion coming from national governments and the rest from EU funds and the European Investment Bank.

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