The $857 billion package includes unprecedented steps to help less wealthy countries, including selling collective debt and giving much of the money as grants, not loans.
Author: Matina Stevis-Gridneff
European Union Leaders Meet to Discuss Coronavirus Recovery Plan
Domestic political pressures and longstanding cultural differences are putting a brake on Angela Merkel’s push for swift agreement.
E.U. Plans to Bar Most U.S. Travelers When Bloc Reopens
Europe will allow outsiders to begin entering again on July 1, but the U.S. and Russia are now among the nations considered too risky because they have not controlled the coronavirus outbreak.
EU May Ban Travel from US as it Reopens Borders, Citing Coronavirus Failures
European Union officials are racing to agree on who can visit the bloc as of July 1 based on how countries of origin are faring with new coronavirus cases. Americans, so far, are excluded, according to draft lists seen by The New York Times.
A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier
Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.
A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier
The European Commission wants to issue bonds to raise the funds, taking a step closer to a shared budget potentially paid for through common taxes.
Eritreans Sue E.U. Over Use of Forced Labor Back Home
An Amsterdam-based group has filed a lawsuit against the European Union for funding an infrastructure project in Eritrea built by conscripts.
Europe’s Battle-Hardened Nations Show Resilience in Virus Fight
Countries such as Croatia and Greece, which took early measures to stop the outbreak, have generally been aided by cooperation from citizens galvanized by tough recent experiences of war or financial disaster.
E.U. Moves to Shore Up Economies Reeling From Virus
As the leaders of the European Union’s 27 countries approved a half-trillion euro bailout package Thursday night, their attention immediately turned to what to do next, where much disagreement remains.
E.U. Backs Half-Trillion Euro Stimulus, but Balks at Pooling Debt
While E.U. finance ministers approved a plan to spend 540 billion euros to lift their economies, they couldn’t agree to take the unprecedented step of issuing joint bonds.