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EU proposes 750 billion euro COVID-19 recovery fund
The European Union unveiled Next Generation EU, a 750 billion euro plan to aid member states through the recession caused by the coronavirus. The fund would be largely grants linked to the long term budget, to be borrowed on markets with repayments starting in 2028 and full payback after 30 years.
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Brussels
European Union
Europe
Italy
Spain
European Commission
Ursula von der Leyen
von der Leyen
U.S
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EU Commission