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The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say

Business Insider Saturday, 30 May 2020
The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say· The European Union on Wednesday proposed a 750 billion euro recovery package as the economic bloc attempts to crawl out of its worst economic crisis in decades.
· Representing a major step towards a revival of the 27-member union, the EU fund is expected to be financed through borrowing, by issuing long-term government bonds...
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Video Credit: Reuters Studio - Published
News video: EU unveils 750 bln euro plan for coronavirus recovery

EU unveils 750 bln euro plan for coronavirus recovery 02:00

The European Commission on Wednesday unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump. Francis Maguire reports.

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