This fund will be allocated to help health systems, small and medium-sized companies and labor markets overcome the economic losses caused by the virus.
She explained that she will ask the European Parliament and the Council of Ministers of the European Union this week to release € 7.5 billion ($ 8.4 billion) of investment liquidity and will set up a task force to ensure Funds begin flowing in the coming weeks.
For his part, European Council President Charles Michel said that 4 priorities have been agreed to reduce the spread of the virus, provide medical equipment such as masks and respirators, and promote research, including This includes finding a vaccine to treat the virus, as well as addressing social and economic consequences.
Michel added that the leaders of the European Union expressed their sympathy for Italy and the other severely affected member states, and we stressed the need to work together and do everything necessary and quickly. p>
