Germany-French EU economic recovery aims to create a 58 trillion yen fund

German-French EU economic recovery aims to establish 58 trillion yen fund 6:19 May 19

German Chancellor Merkel and French President Macron aim to create a fund worth about 58 trillion yen in order to rebuild the EU-European economy that will be severely hit by the spread of the new coronavirus I made it clear.

Prime Minister Merkel and President Macron held a videophone summit meeting on the 18th, and exchanged views on the economic recovery of the EU, which will be seriously affected by the spread of the new coronavirus.

At a press conference after the talks, the two leaders revealed their intention to create a fund worth 500 billion euros (about 58 trillion yen) to support the regions and industries most affected by the crisis.

"The creation of a fund is a common strategy to supplement the EU budget and is a big step," said Macron, who said the fund will be procured and supported by the European Commission, which is the executive body of the EU.

Merkel also said, "The goal is to make Europe stronger, united, and overcome this crisis. It requires extraordinary efforts, but Germany and France are ready." Was appealed to.

The creation of a fund aimed at economic reconstruction in the EU region was discussed at the summit meeting last month, but there is no consensus on the concrete scale, and it will be noted whether the proposals of Germany and France will lead to a breakthrough. ..

Expecting EU unity

On the German and French proposals, EU President Michelle posted on Twitter on Wednesday that he "welcomes efforts to find a consensus."

Then, the European Commission decided to finally put together the proposal, and said, "As soon as they are put together, they will call for a meeting of 27 member countries. Each country will work towards an agreement." I expressed my hope that the opinions of each country would agree.

However, it is unclear whether the consensus will be reached immediately, as countries in southern Europe, including Italy, where the spread of infection has become more serious, are calling for a fund of a size that greatly exceeds this proposal.