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Germany, France propose EU economic recovery fund


AP  |  Berlin 

The leaders of Germany and France are jointly proposing a 500-million-euro (USD 543-million) recovery fund for European economies hit by pandemic.

In a joint statement Monday, German Chancellor Angela Merkel and French President Emmanuel Maron said the proposed fund would see European Union budget expenditure used to help sectors and regions that are particularly affected by the outbreak.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 18 2020. 21:05 IST