ECB's Lagarde cheers Franco-German EU recovery fund plan

PARIS/FRANKFURT (Reuters) - A Franco-German proposal for a 500 billion euro ($546 billion) coronavirus recovery fund would bring essential relief to the bloc's worst-hit nations and demonstrate solidarity, European Central Bank President Christine Lagarde said on Monday. Closing in on a deal after two months of often bitter talks, the European Union's biggest powers proposed a fund on Monday that would offer non-repayable grants to EU regions and sectors hit hardest by the pandemic, with the..