Deaths due to the emerging Corona virus have slowed in Spain and Germany, which is an encouraging sign for leaders in Europe as they plan to ease the shutdown measures that have hit much of Europe's economies.

Spain has recorded less than 400 deaths for the second day in a row, in a sign of stable epidemic outbreaks in countries struggling with the worst outbreaks of the virus in Europe. In Germany, the number of deaths recorded daily decreased to the lowest level in five days, according to Bloomberg News.

In light of the European economies being severely damaged due to the imposed closure of the epidemic, German Chancellor Angela Merkel said on Saturday that Germany will pump more money in the European Union treasury than previously expected, while the bloc is trying to manage the repercussions of the virus.

Some European Union countries are preparing to ease the closure restrictions. Companies and shops in Italy severely affected by the virus are scheduled to reopen on May 4, and France is working on plans to gradually open the economy from May 11.

Merkel said in her weekly radio address that the European Union needs an economic stimulus program, because "the economic damage will be great."

The chancellor explained that the joint budget of the European Union will play a major role in financing the reconstruction efforts, and that "Germany, too, will have to commit itself to much more" than previously planned.