Germany, France Propose $543 Billion EU Coronavirus Recovery Fund
The plan is to raise the money through EU-backed bonds and be help the hardest-hit industries and regions. The issue of burden sharing remains controversial among several of the bloc's member states.
Germany and France have proposed the creation of a fund of 500 billion euros (more than $540 billion) to support the recovery of the European Union's coronavirus-stricken economies. The fund would add to the more than half-trillion dollars in emergency relief measures the bloc's 27 leaders .
