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

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a
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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..
Date Published: May 18, 2020
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