Emergency budget of 1 trillion euro for 28 EU countries

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Emergency budget of 1 trillion euros for 28 EU countries.

28 European Union member states agreed on the 1 trillion euro emergency budget to protect the EU economy against the Covid-19 pandemic.

The EU has agreed against the coronavirus in a huge budget of 1 trillion euros. French President Emmanuel Macron said disagreements remain on whether the budget will be made through donations or debt.

"I sincerely say that Europe will not meet our expectations of borrowing money to other countries," Macron warned that this will further increase the burden of countries, such as Italy, Belgium and Greece, which are already in large amounts.

Published date: May 4, 2020 Publisher / Viewer : Turkey Economic News Finance

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