Europe is preparing a trillion-euro fund to rebuild its economy

Europe is preparing a trillion-euro fund to rebuild its economy

CNN Edition - Business·2020-04-25 12:03

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London (CNN Business)EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild regional economies ravaged by the coronavirus pandemic.

"This fund shall be of a sufficient magnitude, targeted towards the sectors and geographical parts of Europe most affected, and be dedicated to dealing with this unprecedented crisis," leaders of the 27 EU countries said in a statement after they met via video conference on Thursday.

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