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EU unveils 750b euro plan for coronavirus recovery

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The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros (S$1.17 trillion) in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro.

[BRUSSELS] The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros (S$1.17 trillion) in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro.

Much of the money is...

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