Economics

EU Eyes $2.2 Trillion Plan as ECB Accepts Some Junk-Rated Bonds

Leaders will discuss recovery proposals in Thursday meeting
Compromise plan involves tapping the market for $350 billion

EU Eyes $2.2 Trillion Plan; ECB Accepts Junk-Rated Bonds

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By Ian Wishart, Viktoria Dendrinou, and Carolynn Look

April 22, 2020 at 12:16 PM UTC

Updated on

April 22, 2020 at 7:52 PM UTC

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The European Commission is floating a 2 trillion-euro ($2.2 trillion) plan for economic recovery ahead of leaders’ talks on Thursday as it seeks a way past the divisions of recent weeks.