EU Summit

27 EU nations will gather in Brussels on July 17-18 to hash out the details of a recovery package that would see the bloc issue 750 billion euros of bonds to help the countries most affected by the coronavirus.

The proposed package, backed by Germany and France, could mark a giant leap in the European unification process, as it would see the EU’s executive arm issue billions of euros in debt on behalf of the entire bloc.

Source:

Bloomberg, 2020-07-03, “Merkel Urges ‘Massive’ EU Recovery Effort Amid Deep Divisions”