Berlin-Paris, 500 billion to rebuild the EU

BERLIN - Berlin and Paris propose a reconstruction plan for Europe after the 500 billion euro crisis. The Dpa writes this, anticipating the outcome of the videoconference between the German Chancellor Angela Merkel and the French President Emmanuel Macron.

The Recovery Fund must make a decisive contribution so that Europe "emerges from the coronavirus crisis strengthened and united". Angela Merkel said it in Berlin.

Germany and France agree "on a temporary € 500 billion plan that come from the expenditure of the EU budget, therefore not loans, at the disposal of the regions and sectors most affected by the pandemic," Merkel said after the summit in videoconference with Emmanuel Macron.

"I welcome the constructive proposal made by France and Germany . It recognizes the scale and size of the economic challenge facing Europe and rightly emphasizes the need to work on a solution with the European budget at the center. This should in the direction of the proposal on which the Commission is working, which will also take into account the views of all Member States and the European Parliament ". So does the President of the European Commission Ursula von der Leyen .