BREAKING NEWS

EU leaders to hold coronavirus video conference on April 23

By REUTERS

APRIL 10, 2020 15:56

European Union leaders will hold a video conference on April 23 to discuss the economic response to coronavirus, the President of the European Council Charles Michel said on Friday, a day after EU finance ministers agreed on half-a-trillion euros worth of support for their coronavirus-battered economies.

"It is time to lay the ground for a robust economic recovery. This plan has to relaunch our economies whilst promoting economic convergence in the EU. The EU budget will have to play a meaningful role here," Michel said in a statement issued via Twitter.

He called the deal reached on Thursday a "significant breakthrough."

EU leaders will have to explore the "setting up of a temporary Recovery Fund to ensure a robust European economic recovery in all Member States," the statement said.

Michel said he is working with the European Commission, the EU's executive, on a "Roadmap and Action Plan to ensure the well-being of all Europeans and to bring the EU back to strong, sustainable and inclusive growth based on a green and digital strategy."

The package agreed by finance ministers would bring the EU’s total fiscal response to the epidemic to 3.2 trillion euros ($3.5 trillion), the biggest in the world, on top of measures that member states are taking at national level.

DM Katz to promote construction of fence on Israel-Jordan border

By JERUSALEM POST STAFF

11/25/2024 07:44 PM

Rabbi Zvi Kogan's funeral began in Kfar Chabad, Jerusalem

By JERUSALEM POST STAFF

11/25/2024 07:25 PM

Manhattan's top federal prosecutor to resign ahead of Trump inauguration

By REUTERS

11/25/2024 06:44 PM

Home Front Command updates guidelines

By JERUSALEM POST STAFF

11/25/2024 06:12 PM