By Canadian Press

Germany, France propose EU economic recovery fund

May 18, 2020 | 8:22 AM

BERLIN — The leaders of Germany and France are jointly proposing a 500-million-euro ($543-million) recovery fund for European economies hit by pandemic.

In a joint statement Monday, German Chancellor Angela Merkel and French President Emmanuel Maron said the proposed fund would see European Union budget expenditure used to help sectors and regions that are particularly affected by the outbreak.

The Associated Press